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Strategies & Market Trends : Tech Stock Options
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To: The Perfect Hedge who wrote (55264)10/12/1998 11:09:00 AM
From: donald sew  Read Replies (2) of 58727
 
Beeble,

Yes it does mean something. When the market was around 8100 before the dip last week, the new highs got as high as 100, but today is still very low. What that implies is that the buying may not be that broad based. However, it must be kept in mind that the the NEW HIGHS/LOWS takes a few days to give significant readings.

The market is still weak.

I noticed that the TRIN intraday is rising which is implying that the upvolume in relation to the advance decline is actually weakening.

Seeya
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