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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: BGR who wrote (41571)8/4/2000 10:08:53 AM
From: maceng2  Read Replies (1) | Respond to of 42523
 
All TA is bunk, pearly

Well a purist may assert so,

equis.com

"When my father began using technical analysis thirty years ago, many people considered technical analysis just another 1960's adventure into the occult. Today, technical analysis is accepted as a viable analytical approach by most universities and brokerage firms."

Anyway I wasn't talking about TA. Just because some TA punter mentions market breadth doesn't mean it's TA . Does it ???

Market breadth is a real measurement. One can argue the toss about it's definition, a skilled economist could even cook the number a little. It is real though.

Give me till tomorrow, I see if I can find a graph of it.
I call "charts" "graphs" BTW.

pearly.



To: BGR who wrote (41571)8/9/2000 3:47:53 PM
From: maceng2  Read Replies (2) | Respond to of 42523
 
BGR,

OK, I've found all the data I was looking for. I don't
wish to dispute your point re:- TA and it's "bunkness".

What I am concerned about is the market going into a sudden and sustained spiral downwards.

The question I brought up about market breadth is.....

...Is all the money going to get sucked out of smaller stocks caps into the real big caps, as they are the only stocks that are "safe" to invest in (being gorillas).

If so, the smaller caps will go bust in increasing frequency. These guys all provide the big guys infrastructure. Also a high priced stock must intuitively have some low priced stocks to compare too. Reduced market breadth is a castle built in the air, so to speak.

In short, if the small caps keep getting whacked...the Big caps fall like a house of cards too.

So, that's my case against the clowns, of course I'm one of the most stubborn of clownish clowns, (I have to be, small caps get pnuemonia, when market gets a chill) so I hope you are going to prove my argument erroneous, otherwise I better sell real quick,

rgds

pearly.

ps the only freeby data I found was here on SI, Historical comparisons you have to pay for. I enrolled in decision point. Market breadth has gone down over last 5 years.

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