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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (56183)1/10/2001 1:12:31 PM
From: John Pitera  Read Replies (1) of 436258
 
Yes, that chart happens to have the nasd.

what's interesting about the NYSE on the daily chart is
that it looks like it's in a "B" wave triangle and
it should have another "C" wave down to the 575ish area.

very interesting.

which could be argued is normal,
but we think the huge number of interest rate sensitive non-
common stocks listed on the NYSE is the distorting factor.

yea there are about 15 nuveen closed end Muni funds making
new 52 week highs on the NYSE, and other bond funds doing
the same.

Prechter always was postulating that interest rate
sensitive argument.
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