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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Silver_Bullet who wrote (9515)8/25/2001 2:49:08 PM
From: James Strauss  Read Replies (1) of 13094
 
I think that we could see the new lows outnumber new Highs for a time through the bottom. There are simply to many stocks on the Nasdaq that are going out of style and are bad investment ideas (Still). I bet there will be a rotation out of the ones that are losers into the few that are winners and so you would still see the Lows outnumbering the Highs.

FT:

Good analysis of why you can have more Lows than Highs but still have a rising market... It makes sense... But, I'd feel better if those New Lows were significantly under 100...

Jim
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