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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (13950)1/27/1999 10:12:00 PM
From: robert b furman  Respond to of 44573
 
To All: for your critique and comment,
No doubt the nyse has displayed some weakness:

25 day ma on advance decl/ IBD.=adv/39730 decl/40278 net = -548 ( closest to zero in quite a while)

25 day ma on advance decl/ IBD = adv/53392 decl/51529 net = + 1863(best it's been in a while and been positive for 4 days)

Today will hammer but not kill those #'s

Three day ma on all numbers below:

NYSE new highs/new lows = 29/49
NAZ new highs/new lows = 70/25 more highs than lows today's action will increase both highs and lows

Volume on bulletin board stocks outpaced up stocks over down stocks 2 to 1.

In summary market rotation is going from big caps to mid/small caps.

This is often the sign of a major mature market top.

Time to bail out when big caps fail to make new highs ( IBM )

Markets rolling but not done we need healthy distribution of the strong dogs.

Still watching weak dogs that have plenty of running room-MMM BA KO

Thanks for your daily help

Bob