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Strategies & Market Trends : The Stock Market Bubble

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To: Les H who wrote (2382)12/1/1998 11:33:00 AM
From: Terry Whitman  Read Replies (2) of 3339
 
Interesting chart there, Les. Looks like the A/D may be headed for another double top. And from the looks of it, soon.

I saw some interesting data over on the BK thread this morn. Seems that % of stocks over their 200 day MA has dropped progressively between the April, July and current peaks. This rally to new highs has actually been quite narrow. That's not the sign of a fresh New Bull run- but an old tired bull.

TW
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