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I feel comfortable closing my longs
tomorrow
(but would not enter shorts until we close under
today's low)
anyone watching computer associates
symbol CA
Ben
some resistance at 28.35
a close above 28.50 is clear sail to
32
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
EarlA
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">Realtraders
Sent: Thursday, April 22, 2004 9:24
AM
Subject: [RT] Nyse Weekly Breadth
Here's something market related and no ... I'm not offering a super duper
bonus if you will only clog the list with email.
Attached chart shows about two years of NYSE weekly Breadth as reported
by Barron's. Upper left is close only price chart showing strong rise and 30
week MA. Bottom left is A/D issues, lower right is A/D volume, and upper right
is H-L issues. Note the initial strong rise of the breadth models in mid-2003
followed by major divergences at the early 2004 price highs. Now, we are
seeing the models break to new lows even as price oscillates around the
highs.
The weekly models are more akin to a cudgel than a scalpel, however this
is not the kind of double divergence you want to see in a bull market.
Earl
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