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Re: LG post# 17879

Wednesday, 08/21/2002 12:35:21 PM

Wednesday, August 21, 2002 12:35:21 PM

Post# of 704041
You think "correction" has run course, and we head up here?....got any overboughts on near-term charts that would lead you to believe we revisit (at minimum) lows from earlier today?

I'm a bit surprised with the strong signals you and Zeev got earlier in the week (possible correction down to 1265 ,and 1308..) that this (down)/correction has been so lame. Although volume on down was not strong, up volume/new highs have not been impressive either, we are in the seasonally worse time for stocks, and p/c has been extroadinarily low (this morn .32) often during last few days. Major resistence on index/individual charts (950 SnP nary challenged), 1400 COMP has held so far....and attempts at breaking have been fairly weak to date...Earlier up moves in this bear (April 2001, Sept-Dec 2001) seemed much different and stronger (background technicals)

Just trying to make sense of seeing so many posters who I respect get "false" (severity of) signals earlier this week, last couple days.

Edit: Looks like we are challenging 1400 again here..

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