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


To: Fun-da-Mental#1 who wrote (34950)12/9/1999 5:48:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
Fun-da:

What's more extraordinary is the divergence in nh/nl between the NYSE and the Nas.

moneynet.com

Last time I checked, more speculative indexes outperformed strongly near important tops.



To: Fun-da-Mental#1 who wrote (34950)12/9/1999 5:52:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
Fun, i also don't think there was ever a time when the NAZ made a new high on a day there were 444 new lows on the NYSE, with the other indices (except transports, utilities, banks, drugs, etc.) near record highs.

the big question is will the indices join the a/d line, or will it be the other way around?

regards,

hb



To: Fun-da-Mental#1 who wrote (34950)12/9/1999 9:59:00 PM
From: Tai Jin  Read Replies (1) | Respond to of 99985
 
Everyone is dumping their losers and buying the winners. That will create a big divergence between losers and winners. 20-50% gains are not enough, people are looking for 100% and more. It is pure greed and lots of it that is currently driving the market. Of course, once all these stocks are priced at the same level as BRKA then the market will collapse under its own weight.

...tai