Market Breadth Analysis 17/08/01


Legendary member
Gowing down and getting thinner..


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yep - i also noticed that a lot of the stocks i've been watching have suddenly moved up (against the trend) to to recent resistance levels - I'm not looking forward to next week and will trade defensively...


Experienced member
Market breadth is certainly going to be greenish next week, everyone and his neighbour will be reading through Mr Greenspan's lines to get an idea about the US economy and act according to what they read, the Greenspan I know will make sure he doesnt say anything to encourage either side for big moves...still both sides are very keen and anxious to read something sooner than later and make a move in other words go for the kill...I'll be watching them with great interest and with a view to trade either way

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