3 replies to this topic

[denleo]

I got nothing to say. Denleo

[ogm]

Dow breadth actually not bad.. and about even a/d... and the worst decliner is down 62 cents in the DOW. Not much really going on there.. no one is really getting hammered to drag the index down. NDX is the second strongest index. Low TrinQ all day, and Up volume was higer then down volume for the most of the day, untill the last couple hours. NYSE... that one is in trouble. Even though 60 min summations are oversold very heavily... Daily summations and MCO are in deep shat. Overall, I'd say some kind of stabilization/bounce are due shortly. Beyond that... we'll see.

Edited by ogm, 05 March 2007 - 02:36 PM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=5&mn=2&dy=0&i=p13918124575&a=86095227&r=6605.png

[tommyt]

the Mc Osc is a good tool in that in big moves it gets very oversold on its first wave down (impulse wave), like where it is now, then it makes higher lows on successive new price lows...we due for a sharp first rally, to be followed by more erosion.