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


To: ajtj99 who wrote (37827)3/5/2002 10:59:22 PM
From: jjstingray  Read Replies (1) | Respond to of 99280
 
AJ, what do you make of the fact that the on balance volume really has shown an appreciable (spelling?) move since being at 1696. I would have thought that OBV would have catapulted up with how positive this move has been. The RSI looks like it could move a bit more to the upside, but everything else is starting to look very overbought.



To: ajtj99 who wrote (37827)3/6/2002 7:06:40 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 99280
 
AJ: Good point on NYA. Looks to have gone over its 200 DMA:

stockcharts.com[h,a]daclyyay[dd][pb50!b200!f][vc60][iut!Lo13!La8,21,13]&pref=G

Yet $BPNYA is clearly in a topping area. Interesting, it is making a higher high as opposed to earlier this year:

stockcharts.com[h,a]dhclyymy[de][pb50!b200!i!d20,2!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]

$BPSPX is doing same but has not printed new highs for now even with the additional bullishness. Something in there is not making for a good mix. It is in area of previous tops:

stockcharts.com[h,a]daclyyay[de][pb50!b200!f][vc60][iut!Uo14!La12,26,9]&pref=G