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Strategies & Market Trends : Point and Figure Charting

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To: chartseer who wrote (25137)1/22/2001 3:12:57 AM
From: Jorj X Mckie  Read Replies (1) of 34822
 
Chartseer,

Meanwhile the NYSE high low index is at 93.1%. It has not been this high since February 98. It implies to me this rally is nearly out of steam. Don't expect an out of steam rally to pierce a BRL+ resistance

Wouldn't the Naz hi/lo index be more meaningful here. With the NYSE hi/lo being at 93.1, it makes your case for the DJIA being in a precarious position even more compelling. But I believe that we are going into a bifurcated market phase where the naz/growth stocks outperform value stocks based on the rotation out of value to growth.

What is the Naz hi/lo???
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