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To: pcyhuang who wrote (161732)2/8/2008 10:22:47 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
RUT...Chart of RUT ratio to SPX...illustrating the following I posted on Feb 1:

<<Calling attention again to new-found relative strength small-mid-cap secondaries...RUT/MID/SML...an important indicator IMHO of substantial change in market tenor....typical of a 5th wave up, which I think has been launched..>>



To: pcyhuang who wrote (161732)2/9/2008 1:11:52 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Looks at NYSE new lows too - the SPX is 1.6% above its closing low, yet NYSE new lows are down more than 90%. No downside leadership, IMHO.