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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (409)	1/8/1998 5:03:00 PM
From: current trend	Read Replies (1) \| Respond to of 745

How often does an outside reversal week occur in a market--- once a year or decade? Is there any time or price amount projection downward that it implys? CT

To: GROUND ZERO™ who wrote (409)	1/8/1998 6:56:00 PM
From: Chris	Read Replies (2) \| Respond to of 745

i read in S&C magazine that weekly reversals are BIG TIME stuff.. they dont come often but when they do,, watch out..

To: GROUND ZERO™ who wrote (409)	1/8/1998 10:33:00 PM
From: bearshark	Read Replies (2) \| Respond to of 745

Good Morning GZ: In addition to the triangle with the support line at about 7750, I also have another important support line at about 7775. If they do not hold, well, things may get a bit negative. I am no longer long in anything. However, I noticed a number of things in the market that did not appear right this week. Yesterday, for a time, the NYSE volume was higher han the NASDAQ volume. Today the markets closed with the NYSE volume greater than the NADSDAQ volume. This is not normal. Also, one daily gauge I use is the movement in the SPX vs the movement in the DJI. An extreme would be 10 times the SPX for the DJI. Or, if the SPX was down 7, then in an extreme, the DJI would be down 70 points. The DJI was down more than 10 times the SPX all day today. All of this may be due to it being the first week of the new year. But it appears odd to me.