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The improving breadth indicates that money is flowing into a wider
variety of stocks ... generally an indication of improving health.
Breadth is not a good predictor, however is excellent as a confirmation
tool and non-confirmations are useful in being alert to a possible
change in trend.
Earl
----- Original Message -----
From: <HBernst963@xxxxxxx>
To: <eadamy@xxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, January 14, 2000 6:23 AM
Subject: Re: [RT] Re: 01-15 Interesting Date ?
> 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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