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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (24595)	12/19/1999 9:54:00 PM
From: d. alexander	Read Replies (1) of 69343

the stock market remains a place where the have-nots vastly outnumber the haves. Stocks dipping to new lows dominate those reaching new highs. And while the NASDAQ composite closed on Friday at a record high, up 71.16 percent in 1999, 84.8 percent of NASDAQ stocks are down 10 percent or more from their highs of the year Harry; just wondering if every day for the next 5 days you checked the stats, would that figure remain constant (of course not) & if it remained constant (or not) would it be the same stocks in the 84.8%. I don't know the answers, but I think there is a fallacy in taking a static fix on something so dynamic. The reason for taking the fix seems to be just to say over & over again some variation on the haves & have-nots because that's the buzz going 'round. Was anyone saying this on October 18? when the Nazdaq was by no means up 71.16% for the year? Not suggesting it's not to be alarmed about - but really wish there might be some consistency to the alarrums. Then it was probably Nasdaq having a terrible year, incipient bear market a certainty. Etc. I wonder if I may ask what version of TC2000 you are using? Dorothy

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