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To: Lucretius who wrote (72545)10/28/1999 7:03:00 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 86076
 
it could be an exhaustion gap...look at the mega volume.
TRIN says we will pull back...however, it may just be an ST pullback before we blast higher. some indices went through their descending trend lines today, as well as various moving averages. NYA broke out of a falling wedge...but look at the a/d line vs. the whole rally from the lows. it remains anemic, in spite of the reasonable a/d stats today. CVI like TRIN is at an extreme...
one thing that has to be considered is the fact that financials lead the rally. it could mean that we're on the cusp of a major move up. IF the bearish case is to be saved, we'd need a few days of churning followed by a hard and fast breakdown. i know it looks unlikely...-s-