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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

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Dec 26 4:00 PM EST

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To: Paul Shread who wrote (83726)	4/9/2003 4:50:24 PM
From: Tom Pulley	Read Replies (2) of 99985

Yes, particularly the NYSE new highs dropped alot yesterday. I haven't seen the number for today yet but I assume there will be even less new highs. A midrange number on $NYHL on a day when the market didn't move much doesn't mean alot to me. Perhaps it is a signal of deteriorating internals along the lines you were describing previously. I don't know. Tom

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