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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (55716)12/1/1999 12:10:00 AM
From: Gary Burton  Read Replies (2) of 95453
 
Interesting note on Nasdaq--As of Nov 23--only 65 stocks accounted for 99% of the total gain from the Oct low (10 equaled 65% of it), all this while cumulative daily breadth hit another new low. Never before has there been a divergence this enormous in scope ----In the first 25 market days of the rally off the Oct98 bottom, agggegate daily advances over declines was 12,589. This time around, over the first 25 days, the aggregate was only 2,663----Something is wrong with this picture folks!
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