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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (25512)	9/10/1999 5:57:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 99985

Heinz, that's the point I've been trying to make on this thread for a year now. This is the same thing with the new highs and new lows. There's just too many sh*ty stocks in the nyse and naz. They should all be taken out and put into the sht index. Then, those new highs and new lows will mean something. It's the same thing with the breadth. IMHO, these numbers are totally manipulated by those that continuously try to make the market look worse than it is. Now, with that said, I have no opinion on where the market's headed. IMHO, this is the stupidest market I've ever seen. When stocks like china.com go up $5-$10 every day and hundreds of good small companies are left dying a slow death, that tells me that money managers are all sheep and afraid to actually invest. They constantly are left to chase the daytraders, not vice versa, in "hot" stocks. Like this week. All of a sudden software is hot? Give me a freakin break. No way should they ever have been as low as they got, nor should they be as high as they are now. It's all rubbish.