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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (2613)	3/5/2005 8:03:52 PM
From: profile_14	Read Replies (1) \| Respond to of 13449

"They mean the OIH is setting up for a correction which needs some confirmation..." Couldn't one consider the high volume on the weekly chart and the narrow breadth of the weekly move to somewhat look like a capitulatory event, much like crashes? The falling volume on the daily tends to tell me that we might be also on our way there after a couple of big sell days. I guess time will tell... The PPO and other oscillators are also turning horizontal and each time they do that from a high range it appears that it has or is near peaking. The chart also appears to exhibit a measured move like the one the sector had in the fall, equal in duration and in appreciation, just by the rough look at the chart. Uncanny! stockcharts.com[w,a]dacayiay[dd][pc20!d20,2!f][vc60][iUr14!Ue12,26,9]&pref=G I also ran a "performance chart" for the OIH for the entire range of 1416 days available, and I see a pattern of hesitation here (trembling at the top) that has been exhibited at other tops after having run near identical ranges of appreciation. This kinds of forbears what I might expect in terms of pullbacks and proximity to a top. I hope the link shows it but if not, just go through the menu and you'll see my result. Thanks again for any comments and pattern interpretations. stockcharts.com Best regards,