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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: John Trader who wrote (46320)	5/6/2001 3:12:32 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

John, the explanation of "bear correction" is that the chart is now in a column of Xs, but the column has not exceeded the previous column of Xs. When it does, the "bull confirmed" signal is given. The rule of thumb is that above 70% bullish the market is overbought, but it can stay that way for a long time. This site has some links to PnF tutorials. ez-pnf.com BTW, the advance/decline line is also interesting. stockcharts.com If you look at the weekly Nasdaq A/D line you see it has been decreasing since summer 1999. That should have been a warning but slipped by me then. It means that the sharp rise of the Nasdaq at the end of 1999 was carried by fewer and fewer stocks. stockcharts.com Gottfried