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Divergences and some crucial dates for next week

 

Am noticing a few divergences here -

 

1. NYSE volume is close to topping Nasdaq volume - hmmm.... either the selling is spreading to white-shoes blue-chips or selling is drying up on Nasdaq

 

2. SOX has been quitely outperforming the indices for last 4 days - is in fact Up today - hmmm...

 

3. TRIN is low on a down day, its abt .6 now

TRIN = (Adv / Dec ) / (Adv Vol / Dec Vol) OR

 

= Adv * Dec Vol / Dec * Adv Vol

 

Looking at it as an equation, I think it shows that Declining volume is not comminsurate with the number of issues decling OR even tho # of Advancers are low, the Adv Volume is high

 

Any thoughts / insights would be appreciated.

 

 

Now, for some interesting dates for next week:

 

Using 2000 tops (3/10 for Nasdaq and 3/24/00 for SPX) and 10/10/02 bottoms:

 

Nasdaq - 61.8% retrace is on May-15

SPX - 61.8% retrace is on May-6

 

Bradley turn dates - 5/9 and 5/17

 

This cluster of so many dates is intriguing...

 

- Silky

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Red Cross reports that torture in Iraq was PLANNED and so it is not just a thing of a few mentally ill soldiers.

 

But hey, dont we all know that the Red Cross are a bunch of commies, I mean it isnt named RED Cross without a reason. :lol: :lol:

 

That Rambofeld doesnt resign is a joke, but not a good one.

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