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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (13207)	7/27/1998 12:37:00 PM
From: Robert Graham	Respond to of 42787

Some of the customary indicators to monitor the strength behind a market movement like that of market breadth such advancers to the decliners are misleading in this market. The TRIN has been consistently below 1.00 today staying in the 0.65 area even when the market per DJIA went down to negative 70 and bounced. So far there has been an underlying strength to this market that has been keeping it from continuing down. Definitely not enough to support a rally at this point, but enough to keep the market from going down further. If this is the bounce we have in store for us, I am not impressed! The questions is when will money reenter the market? I do not see the same positive sentiment that I have seem on past market pullbacks. Perhaps the market has further to fall? The market runup and fallback is demonstrating what is meant by the market being in control by the "weak" hands. Bob Graham