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

To: yard_man who wrote (77646)	7/22/2003 11:46:30 AM
From: John Madarasz	Read Replies (2) \| Respond to of 209892

interp?? are we getting close to a top in sentiment there?? Here's a reply I got from somebody that sez it as well as I ever could... all of the bp indexes i look at are up in the 80% area and they have been there for the last month. it's interesting to see the $bpnya and $bpindu making higher hi's with the respective indexes making lower hi's. the financial index on the other hand seems to be confirming the motion in the $bpfina. both the $bpndx and $bpspx have made lower hi's just recently, while the ndx made it's latest hi last week with the spx doing a double top to it's june hi. it looks like a topping process to me, but perhaps the indexes can continue on to make higher hi's while the bp's continue to back off.