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Strategies & Market Trends : Roger's 1998 Short Picks

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To: virgil vancleave who wrote (12980)8/19/1998 1:19:00 PM
From: Market Tracker  Read Replies (2) of 18691
 
<i<Does anyone else use the market internals as an indicator?

Virgil, I pay particularly close attention to the market's internals, and the story they have been telling of late in a sign of considerable underlying weakness. We appear to be retrograding back to the days of the "Nifty Fifty" of the late 70's. where a few select issues perform independently from the general market direction. The internals also suggest a lack of conviction, and NYSE trading volume even on up days, has been unconvincing at best. IMO we will test new lows before we test new highs.

MT (80% cash)
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