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Strategies & Market Trends : FOLLOW THE GENERALS

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To: Jim Battaglia who wrote (42)	5/28/2006 9:23:10 PM
From: Jim Battaglia	Read Replies (1) of 104

Mike Burke: The sell off that appears to have ended early last week was extreme. The chart below covers the past 4 years showing the NASDAQ composite (OTC) in red and an oscillator of NASDAQ volume of advancing issues - volume of declining issues in blue. Red vertical dashed lines are drawn on the 1st trading day of each year. This oscillator is at its lowest level since July of 2002. The market usually rallies, at least briefly, from extremes like these. JR

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