Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (18581)	5/27/1999 12:00:00 PM
From: E. Graphs	Respond to of 25814

Moonray, Here is an interesting take on the advance/decline line. exchange2000.com (interview dated Feb. 25 1999) >>....Such as their emphasis on the advance-decline line? It seems like a lot of people follow this one indicator religiously. O'Neil: We don't pay much attention to that because it gives many false signals. For example, in mid-November, it failed to break into new high ground when the S&P did, and it started declining then. Well, the big profits were made from mid-November to mid-January, so you would have missed that. And we've seen a lot of other markets where it's very premature and very wrong, so we disregard that indicator a lot. If you also look at what's going on in the market, you had a transition into big-cap quality leaders and out of the small-cap stocks. So it's natural that your advance-decline line would probably be a little bit sloppy because more than half of the stocks are low-grade, lower-priced stocks that were probably overplayed several years ago. And they're not going to participate so well. So we thought that was misread.....<< RE: Breaking through the averages. If you look at the 3 month chart on Nasdaq you will see that the story is getting old (BTDT at least twice before), however, we are not clear through the woods yet this time and I will feel a lot better when we get back above 2500. Maybe SOX can kick some butt here and do that just for us :) quote.yahoo.com^IXIC&d=3mm Entre nous, there seem to be too many following TA now. I think we are going to see a lot more curve balls and it's going to get even tougher to read what's really going on. <G> E!