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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: The Philosopher who wrote (7607)6/3/1999 3:32:00 PM
From: OldAIMGuy   of 18928
 
Hi CH, If you take a look at my "ZEAL" component of the Idiot Wave, you'll see that we have had a contraction in the number of issues available for trading for quite some time.

Historically, for the very reasons you state, this has been a long term bullish sign. The NASDAQ peaked at nearly 6000 issues traded weekly and now its down to under 5200. In the mean time, the NYSE has also seen a contraction as well.

execpc.com (see 4th graph down, ZEAL)

Best regards, Tom
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