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Strategies & Market Trends : The Thread II -- Ignore unavailable to you. Want to Upgrade?

To: thesilenttype who wrote (1519)	6/14/2001 1:12:54 PM
From: stan s.	Read Replies (1) \| Respond to of 9026

last time I'll mention this here today (well maybe)...the hi/lo is a medium term indicator. the lo's are winning today 63-39. if that holds we get out first red on the naz (on this indicator) since mid April. I put the naz on an overlay on the hi/lo just now. even as a lagging indicator it shows significant downs still often occur after the red begins. this is not a daytrading tool but more of a position guide. it has little to do with the naz direction tomorow for instance. if this turns down (red) I would use extra caution on any position longs for the next few weeks or until it resolves back to the upside (assuming it turns down first). wallstreetmonitor.com lots of negatives and cracks forming on the exchanges and indices lately.