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To: adcpres who wrote (36270)	11/24/2000 11:25:41 AM
From: Peace	Respond to of 42787

GH, Given that the new lows on Tues were at 614 this is a marked improvement for one day. Also since NH/NL is a lagging indicator IMO it should be used for confirmation and not for forecasting. Peace

To: adcpres who wrote (36270)	11/24/2000 11:27:43 AM
From: eichler	Read Replies (1) \| Respond to of 42787

Also interesting is P/C spike today astrikos.com

To: adcpres who wrote (36270)	11/24/2000 11:48:52 AM
From: donald sew	Read Replies (2) \| Respond to of 42787

Adcpres, >>>> given that there is strong upside pressure today on the NASDAQ, it is quite curious that the (new lows/new highs) = 99/14 = 7:1 <<<< If the NAZ closes with only 99 NEW LOWs and if it was a full day, that would be a GREAT improvement over WED's 614 NEW LOWs. Since its a half-day, I am not going to put too much into it in either diretion. Also, it is common that it takes a few days to see relative improvements in the NEW HIGHs. As for the election, if GORE comes ahead with favorable news over the weekend, then that could be a reason for a quick retest, but Im getting more and more technical support saying that a mid-term bottom was set. Only mid-term(30 days). And I normally just go with my technicals and limit the influence of news/fundamentals. I just play the probabilities per my analysis. Of course I wont get everyone right, nor do I expect to get everyone right. Actually from a mental perspective, I expect a certain percentage to be wrong, and I get nervous when I get too many right. Hypothetically, lets say that my success rate for my short-term technicals is 75%, but I got the last 5 of 5 right - I will then expect that I will definitely miss a call shortly thereafter. So I dont get emotional when I make good calls or bad calls, I just expect a greater percentage to be right than wrong. I bring this up since, I do not consider using fundamentals to analyse a specific TA call of mine as being helpful to me. Dont take it the wrong way, I have this discussion with LEE all the time and I get the impression that I may be insulting him since I just strickly stick to my technicals as much as possible. seeya