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Pastimes : bear klowns destroyed vs 3 -- Ignore unavailable to you. Want to Upgrade?

To: ru2 who wrote (26)	8/17/2002 12:01:52 AM
From: bobby beara	Respond to of 169

The rising wedge on da DOW seems pretty clear. Maybe to clear<<< ya too clear, we have stalled in this resistance area again for a couple of days, got a nice triangle on the Dow for the last two days, dell did break the downtrendline today. saw today a rydex chart put out by McClelan showing the rydex ratio of cash to all the bull funds (including sector funds) it puked above the 98 low, a huge vomit rope during june and july, the chart goes back to 96, in 96 and 97 at the lows of those years (july 96 and october 97) there were significant spikes in this ratio, amazingly during this bear market this is the first time we've had this kind of huge spike in this ratio. also the II bull/bears haven't moved much though we've had a pretty decent recovery vtoreport.com the wedge is bothersome though, it really shows up on the banking index, the naz though looks like it wants to break out and follow IBM.

To: ru2 who wrote (26)	8/19/2002 11:53:44 PM
From: bobby beara	Respond to of 169

for mc oscillator watcher's, we are in overbought territory on friday that during the bear market has turned back the averages or during cyclical bull markets has started a sideways consolidation, today we made a new breadth thrust high, above the october 01 high. i don't get the McClelan report but they might be calling this a breadth initiation thrust, with readings this high. stockcharts.com and sh*t we are right at 9000, 950, 1400,