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Sometimes I simply comment on phenomena which I observe without
understanding it. In this case the action does not seem to fit with what the
talking heads opine we should see in a bear market rally. Seems like we've
been climbing a wall of worry (fear!) here and many of the underlying
technicals are improving. My weekly and monthly charts still say "bear
market", however my daily NYSE and NASDAQ charts are looking quite healthy
and I'm leaving open the possibility, based on the daily and half-hourly,
that we may approach the old highs in the S&P.
Earl
-----Original Message-----
From: GREHERT@xxxxxxx <GREHERT@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, October 24, 1998 3:23 AM
Subject: Re: MKT Rally on light volume
><< The talking heads would have us believe that a bear market rally must be
> sharp and strong on heavy volume and narrow breadth - not what we are
seeing
> here.>>
>
>Here I don't get your point. Are you saying this is not a bear market
rally
>but rather a "bull" market rally because we have broad breadth?
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