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Re: Zeev Hed post# 140459

Thursday, 08/14/2003 12:11:01 AM

Thursday, August 14, 2003 12:11:01 AM

Post# of 704047
Thought you only looked at NYSE new highs and lows.

Interestingly some of us e-wavers are looking for what would be the 5th and last wave up on the SPX. This wave is usually met with rapidly deteriorating internals and breadth but nonetheless it makes a new price high which sets up a major subsequent decline. I'm in that camp.

MSFT looks like a bullish wedge out of the July high. If that thing breaks up we could really motor.

Like you say though, volume is missing.



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