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To: donald sew who wrote (58156)11/30/1998 1:18:00 PM
From: Daflye  Respond to of 58727
 
LG and Donald- great exchanges. I'll chime in briefly....
The New Highs never did break the September levels with any significance, RUT peaked above 400 briefly while the NYSE, and NASDAQ
set new highs, and the A/D line is nowhere near where it should be to support these levels. Negative Divergence. DUH! Also the VIX was hanging around 20, and Bullish sentiment was up at the 57%+ area. Man was this pullback overdue. I'm waiting for the next upspike to buy some puts as well. Sorry I'm not adding anything new, but I've been watching alot of the same indicators as you (I think). heh heh heh
Take care guys and dolls, love the thread.
Darin