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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11193)7/26/2002 11:44:30 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 17639
 
So, while this chart gives the bullish case, The BPCOMP has not corrected as far as it did in April 2001. However, the BPNDX has corrected further than it did in April 2001. Since the NDX tends to lead the COMP, it tells me that the COMP has further to correct. If you examine the similarities between the March/April 2001 BPNDX and the current time period, it appears that the BPNDX needs to retest the lows.

stockcharts.com[r,a]waclyiay[pb50!b200!f][vc60][iub14!la12,26,9][j5259783,y]&listNum=1

BPCOMPQ
stockcharts.com

BPNDX
stockcharts.com



To: Jorj X Mckie who wrote (11193)7/27/2002 2:02:00 AM
From: augieboo  Read Replies (1) | Respond to of 17639
 
Jorj, you make a good case for the bull. I would add that the Summation Indexes for both the NYSE and the COMP are lower than they have been since at least last September. (I haven't uploaded my updated charts, or I'd post the link.)

BTW, that's a really nice chart. How do you get the highlight effects?

TIA,

augie.


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