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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (39768)6/20/2003 2:46:31 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 71526
 
Hi rts,

Thanks for posting the chart of the BPNDX. It is similar
to the T2113 indicator I used, but it is inversely correlated. It also focuses on a narrower array of stocks.

It looks like you got your sell signal.

stockcharts.com[m,a]daclyyay[dd][pc20!c50][vc60][iUb14!La12,26,9]&pref=G

At this point I am not expecting a market melt down. There are still too many strong stock charts out there. Even today a number of widely follow stocks were still able to make upside break outs. The market certainly needs to go back to test it break out point though, if it is to advance significantly higher.