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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (7766)	11/24/2001 10:44:07 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

ajtj99: The Sox never confirmed the 11/19 comp. closing high of 1934. The Sox peaked on 11/13 at 544.16. On 11/19, the Sox closed at 524.76. But here is something interesting. The Comp. closed Friday 11/23 at 1903, the same level as it closed on 11/14. But he Sox was lower on 11/23 (511.30) than it was on 11/14(538.51). So the Sox has diverged from the Comp. Not bullish. Channel followers may have trouble here because the Sox is bouncing against the top of lower trendline after penetrating it this past week. In fact, one can see the potential of a down channel here from the peak if it has not already started.