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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (33220)3/26/2002 9:39:28 PM
From: ajtj99  Read Replies (1) | Respond to of 52237
 
Bobby, did you notice the BPNDX? It crossed over the 20-day EMA, which usually means very bad things are around the corner:

stockcharts.com[w,a]daclyyay[dd][pc20][vc60]&pref=G

The BPCOMP is still above the 20-day EMA, so this could be a whipsaw, but combined with the low put/call ratio it indicates we need to be vigilant if we get a bounce, as the floor could fall out below us.

Did you also read that Schaeffer research piece today on the QQQ call ratio? Pretty scary stuff.

I think near term at best we may fill the gap at 1906 COMP and fall back to a better bottom.