Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (49128)	4/9/2002 3:44:44 PM
From: Zeev Hed	Read Replies (6) \| Respond to of 99280

Fine, assumes that is not "significant" to tech stocks, but why are we not seeing 100 or more new lows? Zeev

To: LTK007 who wrote (49128)	4/10/2002 5:19:21 AM
From: YxY	Read Replies (1) \| Respond to of 99280

Zeev, when one is considering the new highs and new lows, one has to keep in mind that in that matter the action 52 weeks ago has the same weight than the action today : there was a strong run up from 04/01/2001 to 04/48/2001 from QQQ 33.60 to about 45 so even if the market stay here the new lows could increase just because low levels from that period are removed from the picture. Indeed one would have to count how many stocks were lower on 04/04/2001 than on september 2002. The fact that new lows are contracting despite this possible effect is very positive but interpreting the new highs new lows calculated on a moving basis is tricky.