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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Tom Pulley who wrote (83727)	4/9/2003 5:03:06 PM
From: Paul Shread	Read Replies (1) of 99985

I took it as a negative divergence to have that much selling of leading stocks on a flat day. New highs improved on the NYSE today and new lows improved on the Nasdaq, but from what I can tell less than half the NYSE new highs today are operating companies. Looks like another good call for your system, and timely too. Congrats. Paul

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