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

To: d. alexander who wrote (24568)12/16/1999 2:38:00 PM
From: tech fool  Read Replies (1) | Respond to of 69786
 
All three p&f short-term indicators now on sell and NYSEBP down from high of 44% to 38%. BKX still struggling and BRKb (Iqbal's large-cap DOW surrogate) is setting new bottom.

very little underlying strength or tech sector has left the rest of the market behind.



To: d. alexander who wrote (24568)12/16/1999 3:42:00 PM
From: Johnny Canuck  Read Replies (3) | Respond to of 69786
 
Hi Dorothy,

The sum of the commentaries add up to pretty well much what my black box is indicating for the market direction right now <vbg> - a continuation signal of the range trading on the SP 500. I don't think anyone wants to get out of the market quite just yet, despite the pressure from the bonds which are on the edge of being oversold technically.

It should be interesting tomorrow with triple witching.


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