MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (11359)	4/18/1999 11:52:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

>>The market internals have not yet started to deteriorate relative to price movement so that is good. However, I have noticed recently that the NEW HIGHs/NEW LOWs have changed direction alot faster than in the past. In the past it could take several days/even over a week for the NEW HIGHs/LOWs to reflect a short-term directional change<< Could be that the small caps that have been down for so long were able to make the new highs look good faster since they hadn't been up in a long time. This could mask a lot of damage in the bigger favorites that aer taking a beating right now. MSFT, SUNW, DELL etc would have to fall a long way before hitting "new lows" while the smaller caps that have been sitting below their 200 DMAs for the last 12 months would only have to rise a buck or so to get counted as a new high. Just a thought, Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next