What the tape is telling..

TREND will be decided by MAR 2004 employment situation, why would you sell before that report, because if its bullish, shorts watch out.
 
Quote from Trend Fader:

According to my stats.. 60% of tradable stocks are above their 20ma.. but the ES and YM making new highs. I think theres a clear divergence.
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Mistake.. today its actually 49%. I think the nasdaq is leading the market down.. and the S&P, DOW will follow... as opposed to what many believe is the opposite.
 
Just read this article....http://cbs.marketwatch.com/news/sto...}&siteid=mktw

"Stock- and balanced funds attracted an estimated $60 billion in January, breaking the previous record of $56 billion in February 2000, investment research firm Strategic Insight reported."


Wasnt Feb 2000 near the top of the market... hmmm??


The funniest thing is that the article says that this time its different because money is not only going to tech.. so therefore its not "hot" money. Theyve got it all wrong... its actually all borrowed money... lol



-----I posted this in another thread----
 
Quote from Mvic:

today, nothing big, based on SMH volume, has to be some follow through I would think.
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Today was the greatest volume in the history of SMH.

Whether it was some type of hedging or not.. its still something to take note of. If u use something like OBV.. the indicator is going down the toilet.



-MIKE
 
Quote from Trend Fader:

Am I the only noticing this as of late??

Market churning higher on weaker volume.. big sellers coming into knock prices lower on the futures??

Semis come out with great news.. the rally is faded?

Good news is getting sold into?

Most stocks are starting to break down and there is no real leadership in this market??

The tape is telling me that the market does not want to go higher in the coming days??

Seems to me as if we are in a different kind fo market. The tape is changing.

What do u guys think? Please tape readers or traders reply...



--MIKE
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Trend, don't worry, simply keep on staying at the right side when you trade. :cool:

nononsense
 
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