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Charles,
We are saying the same thing. Except what I am pointing out is that when the
generals can't get the troops to follow the generals usually retreat.
Harley
charles meyer wrote:
> Harley and group:
>
> . If you are wonder how the day will
> > fair. Watch the A/D ratio and the Up / Down vol. ratio on the NYSE. If
> breadth
> > begins to deteriorate look for the indices to follow. Also this is Friday
> many
> > are not willing to hold over the weekend. So the chances of a down day
> are very
> > good today.
>
> Based on my observations, I have concluded breadth is always a lagging
> feature
> in rallies. If you wait for breadth to confirm; you will be left behind in
> the dust
> and miss the upmove. I thought, perhaps incorrectly, that the leaders took
> off
> first to the upside; THEN BREADTH followed suit. Pehaps this lead/lag
> observation will change in the future due to changing market conditions but
> it
> seems to hold true in recent years. Please, comments and would like
> someone
> to correct my thinking if it is incorrect.
>
> Charles
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