I'm not bullish or bearish. I think that's a way to lose money. The
market is the market and it moves the way it moves - within certain
constraints.
I'll post my S&P 500 stats here today.
S&P 500 Daily Statistics - 11/18/99
Stocks above 200-DMA: 245
Advances/Declines: 242/244
2-week new highs/lows: 90/63
10-week new highs/lows: 47/20
52-week new highs/lows: 28/7
Total stock volume: 1091263500
11/18/99,245,242,244,90,63,47,20,28,7,1091263500
Declines beat advances for the second day in a row. The 2, 10,
and 52-week new highs have decreased for the second day in a row,
while the new lows have all increased. Combine this with extremely
low equity put to call volume and we could have a reversal next
week. However, for now, the trend is firmly up. |
