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To: Poet who wrote (46058)10/25/1999 2:01:00 PM
From: jewishcarpenter  Respond to of 152472
 
I am seeing shorterm stochastics indicating an extreme oversold condition, down under the 20 level

that is about our limit typically, but just shorterm looks using my favorite hourly chart

any little move up to 213 would register a shorterm crossover, which are much less reliable than the daily's

no clear support at 210 here, better at 205
hard to believe we have shed 20 points from top

we are seeing some power of the upper boundary resistance for major stock indexes, when viewing their recently established downchannels

/ Carpenter