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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (53847)	9/19/2002 8:55:40 AM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

If you were basing decisions solely on IIA as an indicator, you would have to say the rally really started sometime in early-mid August, since we were at 5 or so weeks of bears beating bulls, and that kind of action has marked a trading bottom over the last few years. Go back in the data and see how bulls got up into the 50+ % range last May...weeks 17-28. maybe we do get a few weeks of rally here... i think it's entirely possible tho we could be going for some kind of double top action like '98 here too with the vix...thxs to claptonsguitar for reminding me of these ma crossovers stockcharts.com[g,a]daclnyay[d19980801,20020919][pc10!c21!f][vc60]&pref=G fwiw, based on indicators, i'm reading a lot of traders who are waxing very bullish, looking for a bottom early next week, or already buying... beats me<g>? Once agn, this is a market for everybody...Bulls and Bears. Sector rotation is a very important concept to realize