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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Iris Shih who wrote (23649)9/10/1999 3:52:00 PM
From: tech fool  Respond to of 70037
 
P&F high-low index reversed down from 38 to 34% after close on Thursday. Two short-term indicators up, one down.

From Tom Dorsey:

"The High Low index reversed back to the downside after Thursdays action. This is a short term negative, however, ... the last two times that this index fell below 30% and reversed up it reversed back down before reaching 50%. Each time it made a higher bottom and the next move back to the upside took it above 70%."