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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (7586)	9/3/1998 2:44:00 PM
From: Wally Mastroly	Respond to of 42834

Correctamundo! Hence we need a number of plus days to even start to show an improvement in new highs versus new lows.... Indeed an uphill battle.

To: DD™ who wrote (7586)	9/8/1998 4:39:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 42834

Market breadth-"Conversely, an up day will not show a very long list of new highs." quote.yahoo.com Today's data verifies your point. However, let's see if there's improvement over time... If we do, then perhaps the bull is back. Of course on a day like today, the advances vs declines are very favorable - as expected. But again, let's see if any trend will develop... Will we retest recent lows in the upcoming weeks/months? Suggest about a 50% retest (of the Dow low)-let's say 7750 - and then a more solid move up. What do you think? Wishful thinking or a fearless-forecast? Some might say a rather foolish forecast...