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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (26072)9/1/1998 11:26:00 PM
From: Vitas  Read Replies (3) of 94695
 
Donald, with the market's high today considerably lower than yesterday's high, aren't fewer new highs today to be expected? (SPX 1000.71 v 1033.47)

And with the market making a lower low today than yesterday,
wouldn't you ordinarily expect to see more new lows today, yet we had fewer? (SPX 939.98 v 957.30)

Vitas
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