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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: TREND1 who wrote (33863)2/27/2002 8:03:14 AM
From: Zeev Hed  Read Replies (2) of 99280
 
Larry, we are essentially 100 Naz points higher than at the low Friday, but the new highs list is still contracting, not expanding. The new lows have contracted from last week, but not by much. That is actually a sign of a false rally, by now new highs on the Naz should have been back above 100 if that rally was the "real McCoy". You can make a stronger argument about the NYSE in that respect, however.

Zeev
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