Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Barbara Barry who wrote (55887)	10/20/1998 12:55:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

Barbera, >>>>>>>> ,but imho the reason the NH's are not kicking in is because so many stocks are waaaay off their previous highs.So perhaps the NL's are more the key. <<<<<<<<< As mentioned in my post, we are really not that far from the highs on a relative basis. I also mentioned that in SEPT when the DOW was around 800-8100 the NEW HIGHS were over 100. The DOW is now 500-600 points higher but the NEW HIGHS are lower. Is that a negative sign or is the NEW HIGH just a LAGGING indicator, and will just move up in a matter of time. I dont know. The NEW LOWs could be the key since they are much better than when the DOW was at 8000-8100. Seeya

To: Barbara Barry who wrote (55887)	10/20/1998 1:52:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 58727

Barbara: Good observation regarding New Highs/New Lows... The first reaction to a bottom is the reduction of New Lows... New highs increase at a slower pace because it's going to take 10% to 60% moves for many of these stocks to reach a new high... New Lows are the key to this turnaround signal... Right now: New Highs 48 New Lows 22 When stocks stop falling you have a bottom... The scarcity of New Lows says that stocks have stopped falling... Jim