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


To: The Perfect Hedge who wrote (23024)8/11/1999 9:38:00 PM
From: James Strauss  Respond to of 34824
 
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...

Beeb:

These High numbers of New Lows on a Day when the Dow is up over 100 points and the S&P 500 is up almost 2% implies that the primary trend is down with some rallies like today along the way... This is what produces that Zig Zag or Sawtooth pattern to the downside... In a healthy market you don't have hundreds of stocks making new 52 week lows...

Jim