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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (36085)	1/5/1999 10:50:00 PM
From: Vitas	Respond to of 94695

Hi Donald, >>>Todays action in the NEW HIGHs<<< Since the intraday highs today in the averages were lower than yesterday, that many fewer new highs should not be significant. Dow today 9338.49 v 9349.81 yesterday SPX 1246.11 v 1248.81 NYA 600.24 v 602.83 For this purpose NYA is the one to use since it correlates directly to the fact that new high new lows figures cover all the stocks traded on the NYSE. The previous intraday high on NYA was 601.76 on 7/20/98; the previous record close was 600.75 on 7/17/98. If I am drawing the trendline correctly, we are approx 800 net advances from the advance decline line downtrendline drawn from 4/3/98 through 7/16/98. Using the NYSE common stocks only a-d line, we seem to be right on it as of today's close. Vitas