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In a bull market, bullish arguments are taken into account, bearish are dismissed
or rationalized away... That's how one can see we are still in a bull mood.
And vice versa in bear markets.
Gwenn
HBernst963@xxxxxxx wrote:
> The NYSE breadth was horrible on the decline into the Oct. 15th bottom and
> stayed horrible on the rally to new highs. So why should the market now
> decide to follow the breadth higher? Breadth typically improves in January as
> the January effect comes into play as small stocks tend to outperform. The
> Valueline has done better than the S&P over the last month and may be
> responsible for the breadth improvement.
>
> Howard
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