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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (15812)	5/20/2004 2:10:53 PM
From: bearshark	Respond to of 208027

>>>15 min charts are bullish<<< 15 minutes? I'm into 15 to 30 days. Earlier, in a PM, I mentioned a possible distortion in the ARMs due to program trading. Among my reasons was the daily ARMs readings for the week of May 3 - 7. I was waiting to see the May 3 - 7, NYSE report because I thought it might be over 50 percent due to last week's ARMs numbers. Well, here it is--52.3%. nyse.com On May 10, in my humble opinion, there was a good bottom worth hundreds of INDU points on the upside but it should have started by now. When the programs turn this market up, it should be very explosive on the initial move. We're swimming with the whales.