All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: David Smith who wrote (12199)	2/23/2000 6:20:00 PM
From: Oblomov	Read Replies (1) of 42523

What's your definition of a "broad" rally? When was the last time you saw one? On a 3% up day in the Nasdaq, I'd expect at least a 2:1 advance/decline ratio, as well as at least a 3:1 or 4:1 NH:NL ratio. The last time that this happened consistently was during Oct 1998 - Jan 1999. A lack of this type of strength doesn't keep me out of the market, but it does make me more vigilant. Flippantly dismissing each consecutive market high as "anemic" is NOT being in the game. How do you know that I am "not in the game"? I agree that there are always strong stocks, and I try to seek them out and stay in them until their uptrend is broken. But, market conditions need to be considered when assessing the risks of a particular investment, IMO. Index highs are not the same as market highs. My comment was about the health of the market.

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