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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (1350)11/18/1999 9:52:00 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Heinz, Excellent post and nice chart on TRIN et al.

10 day TRIN is the most overbought level I've seen in some 2 1/2 + years. VIX 20ish yesterday intraday low is totally complacent now VIX 21.5 and below Aug 25 peak DOW levels.

We need DOW to break thru this DOW 10,880 level intraday before things get rumbling. Still hasn't happened, but getting close this morning. Nothing going to happen downside untill DOW 10,880 gets taken out decisively.

DOW is now riding back of HWP coat-tails as this stock is up 10 and accounts for all of DOW gains this morning.

Beest Regards, J.T.



To: pater tenebrarum who wrote (1350)11/18/1999 11:31:00 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
heinz, market breadth in this "rally" is terrible.

Right after HWP created spike up in DOW, we were at:

NYSE Advances  NYSE Declines   New Highs  New Lows
1,386 1,203 63 60

Now it is at:

NYSE Advances NYSE Declines New Highs New Lows
1,337 1,363 66 76


Best Regards, J.T.