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Strategies & Market Trends : Tech Stock Options
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To: Barbara Barry who wrote (55887)10/20/1998 12:55:00 PM
From: donald sew  Read Replies (3) of 58727
 
Barbera,

>>>>>>>> ,but imho the reason the NH's are not kicking in is because so many stocks are waaaay off their previous highs.So perhaps the NL's
are more the key. <<<<<<<<<

As mentioned in my post, we are really not that far from the highs on a relative basis. I also mentioned that in SEPT when the DOW was around 800-8100 the NEW HIGHS were over 100. The DOW is now 500-600 points higher but the NEW HIGHS are lower. Is that a negative sign or is the NEW HIGH just a LAGGING indicator, and will just move up in a matter of time. I dont know.

The NEW LOWs could be the key since they are much better than when the DOW was at 8000-8100. Seeya
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