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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (964)	7/3/1999 12:51:00 PM
From: Les H	Respond to of 2103

Getting a lot of divergences the last three days in the Nasdaq 100: buy sells Wilder RSI cross above 30 cross below 70 5-day 5% 31% 9-day 1% 21% 14-day 0% 8% Stochastics cross above 20 cross below 80 5-day 0% 20% 9-day 1% 21% 14-day 1% 21% 21-day 0% 23% Most of the buy signals occurred over 3 weeks ago on the double bottom. The DJIA triple bottom and lagging breakout makes it appear that the market rally is only a week or so old. Statistics are similar for broad market as well. It's probably to be expected since even with the large percent gains, we've yet to have a 2-to-1 up-to-down in advance/decline issues. AIQ's expert signals are 74% sells. So there is still some more upside before it gets up to the 80% or higher intermediate term top. The last peak was in May around 78% which came close. This week is the Uncle Lou (Wall Street Week) vacation indicator since he announced he is off this week. Market is usually down on his week off. Last occurred recently in June during one of the 400-500 point swoons.