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The two attached charts are comparisons of the log difference between the
daily advancing and declining issues, the daily new highs and new lows,
with the Dow Jones Industrial Index. The advancing & declining stocks are
supporting the recent turn up in the DJIA, but the new highs / new lows
index is not. Unless the new highs / new lows index starts to turn up to
confirm the move in the DJIA and the advancing and declining issues, the
recent rally is suspect.
Ron McEwan
Attachment Converted: "c:\eudora\attach\AdvDcl.gif"
Attachment Converted: "c:\eudora\attach\HiLo.gif"
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