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To: Venditâ„¢ who wrote (17978)1/9/2001 11:38:19 AM
From: Guardian  Read Replies (1) | Respond to of 19374
 
reid and thread: what do you make of the money flow here in face of an otherwise abysmal ta for insp? dave

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To: Venditâ„¢ who wrote (17978)1/9/2001 10:24:20 PM
From: Walkingshadow  Read Replies (1) | Respond to of 19374
 
Hi Reid,

I'd agree that yesterday's candle (a Dragonfly Doji) has bullish reversal implications, and it also looks to me that a short-term bottom is in place as you say.

Today's candle supports the above IMHO.

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The first important test overhead will be 2550, which also represents the area of the declining 20 day ema. This has turned the index back before.......OTOH, technicals look pretty good, with buy signals showing, though I would not consider them strong signals.

T