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Hello
for the answer to your question look at your own chart. relax and let the
picture talk back to you,
You see the peak in eodcv on 7/16/99 and the one on 5/21/01,(red line)
THE PEAK IN 5/21/01 IS HIGHER,
implying future higher hi then the 7/16/99 high
when? could be as long as 3-4 month
to get to next week reading you need the score for NASDAQ and nya,
p.s
p/c is hinting to a short term top on NASDAQ(which temporality will put a
drag on the sp500
nice weekend
Ben
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, July 28, 2001 10:26 PM
Subject: [RT] Mkt - cumulative net volume
> I would like to share one more chart this weekend. Its been awhile since
> this one has been posted. It is a comparison of the DJIA and the NYA
> cumulative net volume (unnormalized) for the period 1999 through July 27,
> 2001. The redline in the top subgraph is the end of day cumulative net
> volume. The magenta line is its 200 day exponential moving average. Note
> that each year around July or August the EODCV makes an annual high and
then
> drops to the 200 day XMA. It works there for awhile and fails to gather
> upward momentum so it turns down into the 3rd and 4th quarter. Without
the
> support of rising net volume the cash indexes also succumb to the annual
> scenario. Big question here is, do we get a push up into August and then
> down or is this 200 day XMA going to prove to be the lid on the DJIA and
the
> EODCV until much later this year? Was May 21st the push up for 2001?
>
> bobr
>
>
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