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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (24081)4/22/2005 5:30:00 PM
From: austrieconomist  Read Replies (1) | Respond to of 108681
 
Pre-Thursday morning commentary. To offer some market possibilities, as opposed to a contrived, engineered move, one technician I read had said the conditions in the market place were such that in 34 out of the 34 prior instances these conditions were in effect the past 10 years, the markets were higher 30 days later and at an average gain of 7.6%. SentimenTrader. And InvesTech's Pressure Factor was at -59, an "oversold" level that has a very strong track record of predicting gains, to my interocular method of proof, the past 10 years. We'll see where it goes, but the market could just be the market as the cause for Thursday's action.