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Politics : Idea Of The Day
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To: GROUND ZERO™ who wrote (23259)2/4/1999 9:08:00 PM
From: J.T.  Read Replies (2) of 50167
 
GZ, I did a little sleuthing to find when the last time the A/D index posted back to back positive days at 2 to 1 or better. It was the Friday/Monday combination all the way back on Oct 30 and Nov 2. Friday Oct 30 posted 2,208 advances to 875 decliners and Monday Nov 2 was 2,309 advances to 813 decliners. There has been not one back to back performance since. Nothing even close. There is only one conclusion: THIS MARKET HAS NARROWED FOR TOO LONG AND THE POINT OF LEAST RESISTANCE AT THIS JUNCTURE SHORT TERM IS DOWN. A correction is now in the cards. JT
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