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

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To: martin001 who wrote (58037)4/28/2002 6:50:29 PM
From: Steve Lee  Read Replies (1) of 99280
 
"the strength in small and mid cap companies
is what is giving the market internals such strength"

Agreed. And that is why I don't take any notice of indicators such as Adv/Decl.

If MSFT, INTC, CSCO & AMGN are tanking but 30 tiny little Nas stocks are making new highs then does that mean a market that is internally strong? No, because billions of dollars are flooding out of stocks with a couple of million dollars going into some small caps.

In fact, one wealthy private individual could adjust the A/D line significantly upwards in the face of a large tech decline.
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