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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tom Pulley who wrote (83727)4/9/2003 5:03:06 PM
From: Paul Shread  Read Replies (1) | Respond to of 99985
 
I took it as a negative divergence to have that much selling of leading stocks on a flat day.

New highs improved on the NYSE today and new lows improved on the Nasdaq, but from what I can tell less than half the NYSE new highs today are operating companies.

Looks like another good call for your system, and timely too. Congrats.

Paul



To: Tom Pulley who wrote (83727)4/9/2003 5:04:02 PM
From: Tom Pulley  Respond to of 99985
 
I haven't seen the number for today yet but I assume there will be even less new highs

Wrong again, NYSE new highs increased by 23 even though the market was down.


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