Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (45010)	3/28/2002 8:22:05 PM
From: Justa Werkenstiff	Read Replies (1) of 99280

Zeev: Re: "Actually, longer term the divergence is positive, we are some 250 Naz points under the January highs, but more stocks are making new highs, meaning there is "stealth strength" in the Naz not reflected by its leading indices (NDX and COMP." Sorry, Zeev, if you have that kind of strength in the new highs, you should have new highs in the Comp. and NDX NOW based on historical read of this single indicator and that is all I am talking about here. I fail to see what is so positive about not having something which you should have NOW on the tape <g>. So let's see if the tape confirms next week this indicator because right now the non-confirmation sticks out like a sore thumb for the bulls.

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