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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (19123)	7/12/1999 10:38:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

The market's bad breadth: Usually one is talking about the A/D line when one speaks of the market breadth. Currently, the A/D has bottomed, and turned up: decisionpoint.com Notice the A/D peaked about All Fools Day, last year. And yet, stocks (as measured by the averages) were able to advance while the A/D retreated. There is a history of this. Take a look at THIS 14-year period: decisionpoint.com To me this indicates that the A/D as a measure of market breadth is fatally flawed. 1) A stock pops up 3 points for one day and drops 1/4 point the next 3 days. The A/D is logged as dropping over the 4 days, even though the stock is now higher. 2) Fewer and fewer stocks in the popular averages have propelled these averages upward over the last 10 years, giving the market the appearance of being higher than it really is. So how do you measure the market? Why, by your own portfolio, of course. In the end, isn't that all that counts? They pointed out that diminishing market breadth is usually a sign of the end of a bull market. o~~~ O