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


To: martin001 who wrote (58037)4/28/2002 6:50:29 PM
From: Steve Lee  Read Replies (1) | Respond to of 99280
 
"the strength in small and mid cap companies
is what is giving the market internals such strength"

Agreed. And that is why I don't take any notice of indicators such as Adv/Decl.

If MSFT, INTC, CSCO & AMGN are tanking but 30 tiny little Nas stocks are making new highs then does that mean a market that is internally strong? No, because billions of dollars are flooding out of stocks with a couple of million dollars going into some small caps.

In fact, one wealthy private individual could adjust the A/D line significantly upwards in the face of a large tech decline.



To: martin001 who wrote (58037)4/28/2002 7:12:50 PM
From: LTK007  Respond to of 99280
 
<<I have been seeing alot of posts on the bullish percent
index on the NAZ. Has it been mentioned yet that
that because of the underlying strength in the small
and midcap companies the bullisn % is probably more of an accurate reflection then it appears to be?>> yes, and regards the middies and small-caps starting to roll(as in roll over),i agree:) Max