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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Magnatizer who wrote (20149)8/3/1998 5:24:00 PM
From: ivan solotaroff   of 79270
 
Lost an afternoon to looking at the 400 or so charts in my bookmarks.
Granted, half of them were bottom-fishing, and
Granted, I'm not the greatest stockpicker in the world, but still:
Ninety percent of them were sharply down, and I mean long-term downtrends.
Sure, there are good stocks among them, but as someone who's been away from the market almost entirely for a month, and is just looking back for a second or two before I vanish again, I think I can say this without a doubt:
THIS MARKET HAS BAD BREADTH.
That is not a good sign.
This cheery note from,

Ivan
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