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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Dan Duchardt who wrote (34546)11/1/2000 10:37:42 AM
From: OX  Read Replies (1) | Respond to of 42787
 
Dan,
another thing to keep in mind is that some NHNL carry a diff universe of securities. some carry only equities, others carry equities + closed-end funds, etc.



To: Dan Duchardt who wrote (34546)11/1/2000 10:41:52 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Thanks all for helping with the NEW HIGHS/LOWs issue.

Prior to the decline in the market(1997), the NEW HIGHs consistently was in the 200-400 range with spikes above 500. This was during the strong bull run. One could argue that the market internals, specificly the ADVANCE/DECLINE has been in a bear trend since 1997(spring). Im specificly talking about that indicator not the market.

Since 1997 the NEW HIGHS on the NYSE have also been declining and not seen the 200-400 range consistently since.

My position is that if the NEW HIGHs can get back to the 200-400 range on a consistent basis, that would be confirmation of a new BULL LEG. Of course, there are other criteria, but that would be one of the main issues. Until that happens, I will stick to my position of a trading range trend or downtrend.