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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (42462)5/7/1998 12:06:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE - INTRADAY
-----------------------------

Just checked the NEW HIGH/NEW LOW's for the NYSE & NAZ, which really is starting to turn for the worse:

NYSE * NEW HI=35, NEW LOW=26
NAX * NEW HI+59, NEW LOW=25

For comparison sake, the average for the NEW HI's on the NYSE during the runup was in the 200-300 range. During the downspikes of the runup the NEW HI's seldom got lower than 100. As you can see today's performance is lower as it was toward the end of April.

I am not saying that we are going to have the huge decline now, but do feel that selling on the rallies may be better than buying on the dips for the near future.

Seeya

Seeya
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