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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Michael Bakunin who wrote (12053)7/27/1998 5:20:00 PM
From: JOHN CHEN  Read Replies (2) of 18691
 
Today's rally reminds me of the rally after the October crash last year; the generals are strong yet the troops are weak.

This 90 point plus rally is going to turn out to be a sucker rally. The internals are terrible with more than 350 stocks hit new low and only a handful hit new high.

Unless the internals improve, the rally will run out of steam completely.
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