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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (10386)10/17/2000 3:28:01 PM
From: Math Junkie  Read Replies (2) | Respond to of 42834
 
Pete, you GEM! Thanks for the info!



To: Boca_PETE who wrote (10386)10/17/2000 4:21:45 PM
From: Les H  Read Replies (1) | Respond to of 42834
 
Most of the long-term momentum indicators, weekly MACD, RSI, etc., are lower now than they were in May. But that can be explained since that prior low is in the proximity of the March blowoff top; i.e., comparing a 1200-pt drop to a 2200-pt drop. Likelihood is retest or penetration of last week's low by end of month.


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