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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (23258)2/3/1999 5:09:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 50167
 
Judy,

Although I'm long right now, I don't like the action in the advance declines, the broader market apparently isn't participating...what do I care if I'm long an index and the indexes are running, except that I think that portends a coming break down.

Meanwhile, the momentum is still there and I'm not one to step in front of a runaway freight train, I'll just ride the wave to about 1340, a measured move.

But, to answer your question...I give a lot of credence to the advance declines, but I suppose momentum is even more important. It's really difficult to say just what is weighted more, I've never given each item a weighted value, that would intefere with the gestalt of all the indicators together, if that makes any sense.....

GZ