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Strategies & Market Trends : Harmonic Trading with The Phoenix
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To: ajtj99 who wrote (557)4/28/2003 11:11:19 PM
From: Dan Duchardt   of 941
 
Junk may be what's doing most of the running now in the COMP.

Being in the NDX may not preclude a stock from being considered "junk", but today 93 of the 100 were up, and only 2 were down more than 1%. COMP advancers outpaced decliners 2085 to 1057. That is pretty broad based, and suggests the bigger names and caps are leading the way.

I can't think of any reason why there should have been a broad based rally today, but it happened. Personally, I hope it has run its course but I'm becoming less inclined to expect the pull back I think is warranted.
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