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To: The Perfect Hedge who wrote (55264)	10/12/1998 10:55:00 AM
From: James Strauss	Respond to of 58727

Beeb: New Highs are now 8 while New Lows are 51... A bad ratio... It still points to internal market weakness... Just as you get big down days in a Bull market you also get big up days in a Bear market... Internals, (Advance/Decline and New high/New Low) consistency is the key to market direction... Jim

To: The Perfect Hedge who wrote (55264)	10/12/1998 11:09:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

Beeble, Yes it does mean something. When the market was around 8100 before the dip last week, the new highs got as high as 100, but today is still very low. What that implies is that the buying may not be that broad based. However, it must be kept in mind that the the NEW HIGHS/LOWS takes a few days to give significant readings. The market is still weak. I noticed that the TRIN intraday is rising which is implying that the upvolume in relation to the advance decline is actually weakening. Seeya