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To: Wildstar who wrote (58220)12/2/1998 3:10:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Wildstar,

>>>>>>> Even with the decline today, the NewHi/NewLo are much improved over yesterday (on the NYSE). A sign of strength? <<<<<<<<

I have been following the NEW HI/LO for about a year and I have noticed that it is not that great of an indicator on a day by day basis. Sometimes it works, sometimes it doesnt; however it is a good indicator of overall trend/changes of trend.

I did get a CLASS 2 BUY signal earlier today, with the buy-in time at the next day's low, so the improvement in the NEW HI/LO could be a sign of strength. It could work this time, but the NEW HI/LO is not that accurate on a daily basis.

Seeya