Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: fut_trade who wrote (1448)	11/22/1999 10:08:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Peter, Let's play Jeopardy: The answer: <Breadth on the S & P 500 looks sick> The question: What is additional new highs in the 1999 SPX 500. ------------------------------------------------------------------- Say What? You got it. How? Financials/Banks. Why? It's a mania. Never question a mania. How high? Let's start with your SPX 1,469. DOW 10,550. Any Higher? Sure. How High? If MSFT comes out to play with the financials/banks, HIGHER. How much Higher? Do you want round numbers or minute numbers/ I like round. O.K. DOW 12,000 (11,980) and SPX 1,500 (1,495)intraday. No Shi... YUP... It is so.. What would stop this grand plan? Simple. BKX gets two closes below its 200 day MA which is BKX 844 and rising and UTIL index continues to move toward and below UTIL 280 and 30 Yr. Bond Yields heading toward 6.3%. Anything Else? Yes. Enjoy the rest of your Santa Claus rally early. Now go look for someone else to be grinch who stole xmas.<g> ----------------------------------------------------------------- Best Regards, J.T.

To: fut_trade who wrote (1448)	11/23/1999 5:12:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 19219

S&P 500 Daily Statistics - 11/23/99 Stocks above 200-DMA: 200 Advances/Declines: 110/380 2-week new highs/lows: 36/171 10-week new highs/lows: 19/51 52-week new highs/lows: 7/28 Total stock volume: 977843100 11/23/99,200,110,380,36,171,19,51,7,28,977843100 Stocks above the 200-DMA decrease again, advances and new highs decrease, while declines and new lows increase for all durations. There is a striking contrast between market breadth on the NYSE (sick!) and Nasdaq (healthy).