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Pastimes : Trading the markets.....
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To: Moominoid who wrote (2784)1/19/2001 9:31:23 AM
From: robert b furman  Read Replies (1) of 4583
 
Hi Dave,

It would be considered a breakout.

You have to remember it is a market of stocks.During the last rise the advance decline lines in the NYSE was bottoming out.This has only just recently reversed.

There certainly was speculation on dot.coms and some of the high tech nifty fifty's.There is a lot of room for new highs if you look at the small cap 600 or Russell 2000 indices.

The last great leg of a market top usually allows even the low price dogs to have their day. I think this is where our new market leadership will emerge from. JMHO

Bob
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