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

To: HighTech who wrote (1170)	8/27/1999 10:29:00 AM
From: Les H	Respond to of 2103

I haven't posted them. The high price is 4972 set back in July, and the recent intraday high two days ago was 4789 with the close at 4711. There were two strong sell signals on Aug 23 (98) and 25 (98) for the unweighted index due to non-confirmations of on-balance volume and volume accumulation (i.e., money flow) -- neither broke above the prior peak about a week ago despite the index moving to new 21-day highs from a brief pullback. The only positive is the price-phase indicator (10-day EMA/40-day EMA) is moving up. The price-phase tends to lag and acts as trend confirmation; it turned up on August 16 and went positive on August 17 confirming the reversal. Note: Sell signals tend to be early and require confirmation from such as moving average crossovers, MACD sell signals, etc., since the divergences can continue. There were corresponding weak sell signals (96) on the Dow and Nasdaq on the 18th.