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plexxus

10/02/04 11:04 AM

#304724 RE: Zeev Hed #304723

The Russell 2000 and Wilshire Index took out their long term multi month downtrend lines. I suspect the SP 500 is next on that list. Also on that last pullback the sellers dried up considerably. Yesterdays volume was the best over the past 2 months with stellar a/d lines on both the nyse/nasdaq....all fwiw.

http://stockcharts.com/def/servlet/SC.web?c=$rut,uu[h,a]dhcayiay[dd][pb50!b200!f][vc60][J27048757...

http://stockcharts.com/def/servlet/SC.web?c=$wlsh,uu[h,a]dhcayiay[dd][pb50!b200!f][vc60][J2704944...

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][J35645578...

Also interesting to note some of the "OLD TECH" bellweathers are trying to carve out bottoms here...

http://stockcharts.com/def/servlet/SC.web?c=intc,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][ila12,26,9][...

http://stockcharts.com/def/servlet/SC.web?c=csco,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60][J34569858...