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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (32962)	10/14/2000 2:18:06 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Not that I make a conclusion towards the market, but just want to note that the divergence in the OEX MAX-PAIN has narrowed significantly. The OEX MAX-PAIN declined to 750 and the OEX closed at 729, so now the divergence is only 21 points. Previously I recall that the divergence was around 60. As mentioned previously I have noticed that the normal MAXIMUM DIVERGENCE with the OEX MAX-PAIN was in the +/- 20-25 range, so the OEX has now returned back to normal divergence levels. The SPX MAX-PAIN is still very large at 76 points, but I have not followed the SPX MAX-PAIN to make any conclusion. So it is fair to conclude that the OEX MAX-PAIN divergence now has less of an influence than on FRIDAY when it was much higher. Will the OEX MAX-PAIN divergence still have an effect on pushing the market higher to narrow the divergence fully or just partially? Heck if I know, but I feel it is now less important than it was on FRIDAY when the divergence was about double what it is now.