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

To: Henry J Costanzo who wrote (107502)	10/8/2004 2:51:23 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

MC, a couple things. Looking at the dailies... well... doesn't it depend what you look at? The 10 dma is often a good ST indicator (above is good, below bad) and we've at least pierced below it on SOX, NDX, COMPX, etc. We also closed above the upper bollinger bands and then closed below -- considered bearish. The TRINS? One day, as we've seen time and again, means very little. Mind you, I suspect we're near at least a bounce, but to my eyes, from the dailies to smaller time frames, things don't look like new highs coming soooooon to me. the freepo