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

To: Lachesis Atropos who wrote (40099)	8/21/2003 10:32:56 AM
From: Johnny Canuck	Respond to of 69218

Window dressing is not till the end of September. I have 52 week highs on the DOW, COMPX. SP500 not quite there yet. Intra-signal for COMPX indicates overbought, but the trend is still intact. The volumes on the DOW and COMPX are light so far and we need a confirmation day tomorrow. There has typically been a run into the labour day weekend. The holiday effect usually contines the party 2 or 3 days after the labour day weekend. That gives time for Wallstreet vacationer to get re-oriented. The Worden technical Indicators T2110 and T2113 are back to a bullish stance. T2110 the percent of stock one STD above their 40 day MA has crossed the 200 day EMA from below and about to hit a resistance level at 50 (currently 43.90). T2113, the percent of stock one STD below their 200 day MA, has moved back down to test a support level at 9 (also 50 day EMA). 2113 is still overbought, but that can still continue for a while. There should be a minor dip 3-4 days before the Labour day weekend.