Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: DD™ who wrote (7586)	9/8/1998 4:39:00 PM
From: Wally Mastroly	Read Replies (1) of 42834

Market breadth-"Conversely, an up day will not show a very long list of new highs." quote.yahoo.com Today's data verifies your point. However, let's see if there's improvement over time... If we do, then perhaps the bull is back. Of course on a day like today, the advances vs declines are very favorable - as expected. But again, let's see if any trend will develop... Will we retest recent lows in the upcoming weeks/months? Suggest about a 50% retest (of the Dow low)-let's say 7750 - and then a more solid move up. What do you think? Wishful thinking or a fearless-forecast? Some might say a rather foolish forecast...

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