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Re: Justa Werkenstiff post# 121082

Wednesday, 06/18/2003 11:05:33 PM

Wednesday, June 18, 2003 11:05:33 PM

Post# of 704041
Justa to bolster your point on the $bpndx, it closed today at 85 it needs only to move to 84 to reverse back down on pnf. Accordingly even though some bulls would like to say that the action over the last 2 days was consolidation, I don't see it that way. Both summation indexes have closed with negative issues for the last 2 days. Believe me this isn't easy to do with the type of momentum that they have had. Also one other negative development today was the nyse h/l or $nyhl on stock charts. When you view it on pnf with a 21 box qualifier (what I always use) it has broken to the downside a bearish triangle today.

The spokes are falling off the wheels it seems, let's see how far down the road it can still run! lol

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