MARKET LEVELS/STATS :
my comments: i think if we are going to "crash" (take it how you want it), we are gonna do it within this or next week.. ie: this and next week are very important. naz is looking HORRIBLE. remember, mkt cannot move without the NAZ.
sp500 also moved below 50 day ema today. one more opinion.. i think the NAZ is "leading the mkt".. ie: NAZ will foretell the action. sp500/djia are followers.. Bob g.. any comments?
CSS II:
Analysis of NASDAQ COMP
(.IXIC)
Reviewed on 5/26/98
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High: 1,817.920
Low: 1,777.680
Close: 1,778.090
Change: -26.910 (-1.4909%)
Volume Today: 0 shares.
On 5/26/98, NASDAQ COMP closed down -26.9100 at 1,778.0900 on volume 0.00% below average.
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Summary:
Moving Averages
NASDAQ COMP closed at: 1,778.090
The close is currently Below its 5 period exponential moving average (1,809.4302).
The close is currently Below its 9 period exponential moving average (1,823.3148).
The close is currently Below its 21 period exponential moving average (1,837.8433).
The close is currently Below its 50 period exponential moving average(1,821.6246).
The close is currently Above its 200 period exponential moving average (1,682.5968).
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Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
CSS II:
Analysis of S&P 500 INDEX
(.SPX)
Reviewed on 5/26/98
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High: 1,116.790
Low: 1,094.010
Close: 1,094.020
Change: -16.450 (-1.4814%)
Volume Today: 0 shares.
On 5/26/98, S&P 500 INDEX closed down -16.4500 at 1,094.0200 on volume 0.00% below average.
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Summary:
Moving Averages
S&P 500 INDEX closed at: 1,094.020
The close is currently Below its 5 period exponential moving average (1,106.3572).
The close is currently Below its 9 period exponential moving average (1,108.5110).
The close is currently Below its 21 period exponential moving average (1,109.1055).
The close is currently Below its 50 period exponential moving average(1,096.5792).
The close is currently Above its 200 period exponential moving average (1,007.3937).
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Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
CSS II:
Analysis of DJ INDUSTRIAL IDX
(.DJI)
Reviewed on 5/26/98
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High: 9,168.740
Low: 8,962.730
Close: 8,963.730
Change: -150.710 (-1.6535%)
Volume Today: 0 shares.
On 5/26/98, DJ INDUSTRIAL IDX closed down -150.7100 at 8,963.7305 on volume 0.00% below average.
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Summary:
Moving Averages
DJ INDUSTRIAL IDX closed at: 8,963.730
The close is currently Below its 5 period exponential moving average (9,067.2246).
The close is currently Below its 9 period exponential moving average (9,084.3740).
The close is currently Below its 21 period exponential moving average (9,078.2285).
The close is currently Above its 50 period exponential moving average(8,947.6895).
The close is currently Above its 200 period exponential moving average (8,284.3955).
****************************
Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. |
