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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (34938)	5/23/2000 8:46:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

yep, the banks are the one big surprise here... as for the Dow and the triangle support, note that the more often a support trend line gets tested, the more likely it will eventually fail. that said, we're still in indecision mode, on both the Dow and the SPX. the OEX however has finally violated the very same triangle support trend line on a closing basis. however, it's not yet a large enough violation to judge it to be truly alarming. then again, the triangle, while symmetrical in some instances, looks like a descending triangle in others. i am pretty sure the powers that be (i.e. the brokers and large funds) are well aware of this...i expect them to throw everything they have at the market to support it if need be. anyway, i'd like to see a true washout...one that encompasses more or less most market sectors. i think the only problem with that is that it may well get out of hand...