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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (47242)7/2/1998 1:13:00 PM
From: coug  Respond to of 58727
 
Its got to hold now and start up or its never



To: ViperChick Secret Agent 006.9 who wrote (47242)7/2/1998 1:24:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
INDEX UPDATE - INTRADAY
------------------------------

As previously indicated I am watching the market internals very carefully. i am also keeping in the back of my mind that they may be slightly skewed due to the holiday weekend.

The internals for the NAZ are not improving but are also not deterioating that much even in light of the NAZ being dow strongly.

The NYSE NEW HIGH/LOW is not showing significant improvement but is not that bad in light of the DOW being down slightly.

The internals right now are not giving a clear signal.

Although most of the technicals are pointing to the upside as the trend, I would still not totally cross out the possibility of a strong downside in the near future, not just yet.

I normally do not watch the Mcclennan Oscillator, many since I cant spell it and Im not Irish like Patrick. ggggggggggg I noticed that when one compares it with the summation index there is a clear buy signal to the upside and whenever such occured in the past it worked. But I noticed an interesting thing that may contradict it and that is that there is a divergence in the advance decline line versus the market.

decisionpoint.com

Seeya