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To: Jerry Olson who wrote (75232)6/4/2003 9:46:56 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Jerry Morning, -g

I really don't think a huge drop in new highs on an up day is meaningless; it's a substantial divergence from the recent trend. I think it's a hint that the advance at least pauses here.

The internals have been deteriorating since Friday while price has continued higher in choppy fashion. That suggests to me that the Wave 4 correction calls will be correct.

That said, I hate fading Jaime Choy, who is bullish here, so I'm basically flat. -g