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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Barbara Barry who wrote (22941)8/1/1998 10:58:00 AM
From: donald sew  Respond to of 94695
 
Barbera,

Take a look at the following chart and noticed when the UP/DOWN VOLUME and the ADVANCE/DECLINE were both oversold the markt rebounded. However, this time the ADVANCE/DECLINE is severely oversold, but the UP/DOWN VOLUME is still in the mid-range, so the UP/DOWN VOLUME indicator is not supporting the ADVANCE/DECLINE buy signal.

marketgauge.com

So in line with your thought, a bounce sometime next week, probably MON/TUE which fails to have any follow thru.

Seeya