MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: StockOperator who wrote (5634)	2/7/1999 9:39:00 PM
From: g_m10	Read Replies (1) of 99985

I'm not a technician and trying only to guess the market mood in general. I'm trying to make sense from New Highs and New Lows chart for NYSE. decisionpoint.com It shows data 2 1/2 years back. Green color for advancing and red color for declining stocks. As I can see, grass growing strong for a long period of time ended up ended up in an equally strong bloodshed last fall. Since that, we haven't seen much of grows and it was almost balanced by declining stocks. Would it make sense to conclude that coming usual spring correction will be neither deep nor prolonged, and will affect mostly culprits responsible for DOW runup? If it has been discussed on this thread. I would appreciate a link to the post. TIA

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