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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (4260)10/2/2002 5:07:04 PM
From: MulhollandDrive  Read Replies (2) of 57110
 
a bit more post mortem on yesterdays relief rally..ibd's big picture..

(concisely put.....very bad breadth, and voila....yet another failed rally)

NYSE volume dipped from the day before
naz up only 1.6% (divergence)
small stocks lagged bellweather indexes
s&p 600 advanced less thatn half the gain of the s&p 500
advance/decline didn't jibe witht he fat gains on the dow and s&p 500
NYSE advanced beat decliners 2.2 to 1
naz advanced beat decliners by just 5 to 4
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