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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: longdong_63 who wrote (2279)8/30/2000 1:04:57 AM
From: Drbob512  Respond to of 100058
 
LD: The TRIN tells you that the Nasdaq was not under strong accumulation as the up/down vol was not much better than the a/d. We closed at only 4/3 up/down vol, so there is a possibility that there was more distribution than accumulation. Nasdaq did close near the highs of the day, but resistance is at 4097/4094, which needs to be taken out on Wednesday, otherwise, the risk increases for a decline.