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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (14148)	4/2/2001 6:02:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 37746

Strangely enough, I'm starting to see bullish divergences forming on the Nasdaq and a large number of tech stocks for a possible medium-term bottom -- particularly the 12-26-9 MACD, and in some instances various stochastics. It is possible, of course, that the divergences could be erased with a sharp and immediate decline in those issues. Also, I generally agree we ought to be seeing a significant decline in the DOW, and I would not be expecting the tech stocks to swim upstream at the same time the DOW tanks. But, it is worth watching. Does anyone else see these divergences?