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Politics : Idea Of The Day
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To: J.T. who wrote (22903)1/27/1999 10:02:00 PM
From: J.T.   of 50167
 
There is a major negative divergence in the NYSE A/D Line rolling over and down vs the NYSE Composite Index right near its highs. decisionpoint.com. Since beginning of January I do not recall one trading day where A/D was better than 3:1. In all previous rallies when the market got legs after corrections, breadth came back like a charm. This next chart shows the same for COMP... a very narrow sellect group of heavily weighted stocks carrying the NAZ to record highs while the majority of this index continues to falter: decisionpoint.com. Recent stock splits are late in trend stuff and should be noted. JT
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