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


To: exp who wrote (39321)3/9/2002 1:28:13 AM
From: 16yearcycle  Read Replies (1) | Respond to of 99280
 
I sure wish that was all I was looking at it would save me about 80 hours a week. Maybe I should buy one of those 300 dollar programs......nah.

Ps: I have that we consolidate for the next 3 to 6 days, and then have a gap...up. But we better get rid of this overbought condition even faster than that, and w/o a major retracement.(more than 7% will kill the scenario, not just delay it.)



To: exp who wrote (39321)3/9/2002 2:08:32 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 99280
 
exp,
I have seen those before.

I mentioned that I use the BPNDX as a leading indicator to the other BPs, notice that the RSI has already turned down.

stockcharts.com[r,a]daclyyay[de][pc10!c20][vc60][iLb14!Lp14,3,3!Ll14]&pref=G



To: exp who wrote (39321)3/9/2002 6:38:43 AM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 99280
 
EXP: I don't think so with respect to the BPSPX. RSI is already near or over three year highs for BPSPX. Issue is one of duration for me. Is it a spike or a flat of some duration, If the former, market will retreat just as fast as it rose. If the latter, then we will consolidate with a thrust higher here or there in a topping pattern. But just ask the commercials which way this finally resolves <g>.

I think you have a better case with BPCOMPQ. Clearly this has been a non tech lead rally overall up until this point.