DJ Barron's(12/13) Market Watch: A Sampling Of Advisory Opinion.
Dec 11, 2004 (ODJ Select via COMTEX)
(From BARRON'S)
John Murphy's Market Message/Stockcharts.com
660 Kinderkamack Rd., Oradell, N.J. 07649
DEC. 8 -- The chart of the Nasdaq Composite bears very close watching. That's because it's trying to hold its recent move above its early 2004 peak at 2153. Indicators ...are giving a mixed message. The OBV [on-balance volume line] is in new high ground, which is bullish. But its RSI [relative-strength index] line is showing a small "double top" over 70, which is a short-term caution sign. Personally, I wouldn't be committing new funds at this point. I'd watch and see if the Nasdaq can stay over 2153 during the rest of the week.
-- John Murphy
Miller Tabak
331 Madison Ave., New York, N.Y. 10017
DEC. 7 -- The latest data on consumer credit invite discussion on the health of the consumers' balance sheet, a major point of contention between the bull and bear camps. [But] consumer …
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