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To: Cynic 2005 who wrote (77747)12/2/1999 5:08:00 PM
From: Les H  Respond to of 86076
 
ttheory.com

The problem with his theory is that the cash-buildup in one sector could be spent in another sector. He only looks at the NYSE and not the combination of NYSE+OTC.



To: Cynic 2005 who wrote (77747)12/2/1999 5:13:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
yes...here's a link:

ttheory.com




To: Cynic 2005 who wrote (77747)12/2/1999 5:24:00 PM
From: pater tenebrarum  Respond to of 86076
 
i see Les posted already an updated link....allow me to add that the current a/d line weakness is imo a sign that the broad list gets sold so everybody can pile into the same 200 stocks.

this concentration of capital in a handful of stocks can't be good...in the end, when everybody owns the same overvalued fluff, the bottom will just fall out.


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