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Yeah....just look at the BREADTH measures......
they are ALL in the toilet...even the Nasdaq.
If your not flying with the few winners, then the others are just doing
so-so.
Could this situation be a predecessor to a crash ?
Don't know .... what did the BREADTH look like back in 1987, 1929.
I'll bet it was fantastic....unlike today.
> -----Original Message-----
> From: Gary Fritz [mailto:fritz@xxxxxxxx]
> Sent: Friday, March 10, 2000 2:18 PM
> To: omega-list@xxxxxxxxxx
> Subject: Re: Unidentified subject!
>
>
> Ooops, sent this to RealTraders by mistake:
>
> > In your studies of the 1929 crash, if you had taken out the high
> > flyers, would you have a situation similar to today's (I read
> > sometime ago in the NY Times where if you take out the high flyers,
> > the rest of the market can be considered to be in a bear market)?
>
> I don't have the specifics at hand, but I read a few months ago that
> the entire S&P runup in 1999 was caused by roughly 7-8 stocks. Take
> out those 7-8 flyers and the S&P was DOWN in 1999.
>
> Gary
>
>
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