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To: SJS who wrote (1340)7/27/1998 8:12:00 PM
From: drsvelte  Respond to of 14427
 
Steve, I agree - one day does not a trend make. The internals remain ugly. If I remember correctly, a 1 point move in a DOW component results in a 4 point change in the index. Thus AXP on their earnings alone contributed almost 25%. If this was a rally, it was very narrow.

Here are some posts by Donald Sew who usually has some thoughtful insights:

Message 5316082

Message 5327648



To: SJS who wrote (1340)7/27/1998 8:37:00 PM
From: Broken_Clock  Respond to of 14427
 
stevo...for a quick read...watch the USA today auto sight. It shows NYSE and AMEX. On divergent days the NYSE & AMEX will drop steady while the DOW will vacillate or move higher.


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