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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: dvdw© who wrote (15454)12/9/2002 6:13:18 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 19219
 
RE >> some interesting results today; << in what way
other than the low volume.
The DVI also had low volume. it tried to turn
up but failed, taht failure may mean more
trouble ahead.
---------------------
All in all the big rally hasn't had as much steam
as it look , to many thin traded stocks were
at the heart of the run up.
Bell weather Stocks should have shown
better gains than they did.
All this is adding up to what makes it
look like it's been a strong bear market rally..
a new bull market will have the bell weather
stocks making gains at least fairly close
to the "bargain basement junk"
-------------------
Chart the tech index against stocks like Dell,
or the S&P against the likes of GE.. when those bell weathers
can't hardly get off their ass the whole rally is in
doubt, it's like the tail wagging the dog.
Jim