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Strategies & Market Trends : The Stock Market Bubble

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To: Terry Whitman who wrote (2381)	12/1/1998 10:27:00 AM
From: Les H	Read Replies (1) of 3339

The TRIN for the Nasdaq had reached 60 on Friday as well. It's moved back up to 78 which is still below the 80 overbought level. The breadth nonconfirm can be seen in the following chart: decisionpoint.com I suspect the Overbought/Oversold indicator (10-day advance-decline indicator) will fall back to neutral in next couple of weeks before next advance. The big internets will probably make another run in the four weeks before January reports. I had set up a Philly Street.Com Internet index composite symbol. It had run up 200% in two months. Normal correction is usually a minimum of 33% and as much as 50% in July/September. Internets were down 15% off the top yesterday alone.

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