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S&P 500
5,344.16
(
0.47%
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US TECH 100
18,024.00
(
0.56%
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Dow Jones
39,497.54
(
0.13%
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79.49
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0.00%
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Tom K

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Tom K

Re: was Steve post# 3613

Thursday, 06/19/2003 10:24:53 PM

Thursday, June 19, 2003 10:24:53 PM

Post# of 37180
Steve, both my NYSE and NASDAQ Intermediate models have been moving downward lately. The NYSE model just hit zero, a dead neutral interpretation. Anything below zero is bearish. My Nasdaq model isn't much better: it registered a +.13 today - the lowest it's been in quite a while.

Why? Breadth has stopped expanding and is starting to contract. My Micro-trend indictors now hold the balance here. Another down day may be enough to put both models in negative territory.
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