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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Peter Singleton who wrote (47221)2/15/1999 7:39:00 PM
From: Wildstar  Read Replies (1) | Respond to of 132070
 
>>Is anyone following the MDA and Kahuna threads? I just don't have time to follow those closely, but I'm sure those folks are sifting through the market internals data closely, and have lots to say.<<

Peter,
I chart an expression of the New Highs and New Lows on my website:

members.xoom.com

If you look back to right after June 98 on the chart, you can see that the Dow made a new high but the 50 day MA just barely inched up, giving a leading sell signal.

Over the last two months or so, the Dow has remained in a trading range from about 9000 to 9500. During this time, both the 20 day MA and the 50 day MA of the Fraction NH have both declined.

I update my site every weekend.