Extremely overbought on panicked flight to quality
buying. Closed Friday below important support levels (Fibonacci at 45.7, Gann 4x1
angle at 45.8). Divergences shown by weekly RSI, MACD at peak. Weekly OBV has turned
down. Weekly money flow showed divergence at top, in steep decline. Daily
stochastics has turned down from overbought. Daily RSI has fallen below 70 from an extreme
reading of 91. ADX has turned down from 40. %R has given sell confirmation.
Short on move below 45, placing a stop near 48.
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Last modified: April 02, 2001
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