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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (84707)3/24/2001 12:42:33 AM
From: maceng2  Read Replies (1) of 436258
 
Heinz,

re:

Heinz t/a lesson hour: has anyone lately heard 'analysts' gushing about the market's 'good breadth'? as i had pointed out when the a/d line began to improve, a recovery high in breadth that is not accompanied by a recovery high in the major indices, is bearish, not bullish. i repeat it here, because it's an important thing to keep in mind for the future.

Noticed the wilter got a good bounce. Looks like a bottom -g-

stockcharts.com

So shares were broadly bought today. Why is that bearish? Because the indexes are not at high's and we are in a bear market?? i.e we have lots of small investors deciding the bottom is in and bargains abound?

pearly.
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