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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (1803)12/8/1999 9:10:00 AM
From: fut_trade  Respond to of 19219
 
...NYSE new lows

I think that NYSE new lows don't have a good correlation with major stock market indices if everybody is throwing their money into a few large-cap stocks; especially if the new lows are made by the small- and mid-cap stocks. New highs tend to have a better correlation.