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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: heehee1 who wrote (72309)	1/10/2003 1:27:41 PM
From: herry iball	Read Replies (1) \| Respond to of 100058

DOW divergences: the dow divergences are there on the 60 minute, but more obvious on the 30 minute chart: share.esignal.com Comp: share.esignal.com

To: heehee1 who wrote (72309)	1/10/2003 1:44:49 PM
From: Drbob512	Respond to of 100058

heehee1: Yes, those would help with the topping formation, along with a daily/hourly ROC giving bearish divergence, not to mention the daily/hourly Money Flow bearish divergences, and weaker u/d vol figures intra-day (i.e. negative TRINs) while market is up. I look more at the daily indicators, at the close, than the 30/60 min ones. Market rally does appear to be extended, and wouldn't be surprised if any day now it tops out and/or declines substantially. There are very few indications that this rally can last for weeks. Most indications are that the top is already in or we are within days of it. On stockcharts.com, the fast and slow stochastics are toppy, and in order for those to have a "pop" we need heavier volume rally days, which i don't see. Would like to see more bearish divergences show up, such as Money Flow and especially my fave, ROC. Shouldn't be long now, as we may be failing to take out 9043, and next large wave should be down as this rally is only a corrective wave, imho. Good trading, Dr.Bob