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To: John Madarasz who wrote (65563)2/6/2003 8:08:22 PM
From: mishedlo  Respond to of 209892
 
From Brian
Even though there has been questionable put buying this week, the MA's are still low (thanks for all the posts on those huge transactions). The 50-DAM has a long way to go.
tinyurl.com

The S&P closed below 839, and the BP chart and the Summation continued down. (Who was that trying so hard to keep it all together?)
tinyurl.com
tinyurl.com

As did the # of stocks above their 50's
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The EW count is a little tricky right now - it will sort itself out in due time. But the downtrend is strong here.

Homebuilders down today? All the ones I watch were.
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All the Best,
Brian