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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (34969)11/6/2000 11:27:07 AM
From: James Strauss  Read Replies (2) of 50167
 
Full Steam Ahead...
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Market breadth is looking much better on this election eve... finance.yahoo.com

The A/D line and New Highs on the NYSE and Nasdaq are looking very positive with a 3:1 and almost 2:1 New Highs to New Lows ratio on the NYSE and Nasdaq respectively...

The NDX is in an uptrend and needs to close above Friday's high of 3360...
bigcharts.com

That also puts it safely above the intermediate term downsloping trendline...

We may see some choppiness leading into a nice afternoon rally as CSCO gets ready to launch the next move up in the technology sector which should give the whole market a lift...

Jim
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