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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (23019)	8/11/1999 9:04:00 PM
From: james ball	Read Replies (1) \| Respond to of 34811

New highs and lows are important as it goes directly to the High low index. One of our primary short term indicators. A day like today doesn't help this indicator.

To: James Strauss who wrote (23019)	8/11/1999 9:04:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 34811

Jim, you're vindicated. Even the "From the Analyst" DWA column today observes... >Second, look at the number of new highs versus the number of new lows on Wednesday. On the NYSE there were approximately 40 new highs and 219 new lows. On the Nasdaq, there were 49 new highs and 102 new lows. That is not an impressive showing.< Gottfried :)

To: James Strauss who wrote (23019)	8/11/1999 9:27:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 34811

Hi James-- The new high/low chart looks like we have some more selling coming doesn't it? Just wondering if I'm seeing it the way you are... B*

To: James Strauss who wrote (23019)	8/11/1999 10:12:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 34811

James, what is even more telling about that link - the composite is sitting at the same level now as it was before the sell off last year. Since then the market has made amazing new highs, but the NH/NL doesn't reflect that. Very interesting indeed.