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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (567)8/12/1999 11:47:00 AM
From: J.T.  Read Replies (1) of 19219
 
bobby, impressive rally thus far. Weds A/D #'s should have been stronger but the bulls will take it anyway they get it. NYSE A/D was 1,870 Advances to 1,127 Declines. The bad news was New highs 42, New lows 240 for the bulls. As for the Nasdaq 2,294 New highs, 1,566 New Lows. Again, only 79 New highs and 129 New lows. Internal negative non confirmations on a strong day. Today much of the same:

quote.yahoo.com

Best, J.T.
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