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To: Jane4IceCream who wrote (286727)5/11/2004 1:06:44 AM
From: Michael Watkins  Read Replies (1) | Respond to of 436258
 
I would hate to see FIZZboy get all lathered up too. I was rather hoping his last remaining in the green "special chart" pick would keel over and go negative before a bounce came along. He's only down 26%, I want to see 60% and weeping from him.

Still you have to credit him for overperforming on the downside. The NDX is only down 4.5% for the year and he's down 26%. It takes a special talent to be that wrong.

But seriously....

Between the extreme low values in adv/dec ratio and adv/dec vol ratio, the big spike in new lows... have to expect a bounce eventually.

trendvue.com

Unless this is one of those unusual cascade, waterfall-like events, a la 1998.

Very interesting to see how quickly a very high and lengthy period of sustained new highs flipped over to an equally high value of new lows.



To: Jane4IceCream who wrote (286727)5/12/2004 7:01:42 PM
From: Amots  Read Replies (1) | Respond to of 436258
 
I think you gone to like him. -g-
Message 20122962