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If you want to talk about market internals, take another look at the NYSE
breadth model charts I posted a few days ago. Those are _not_ bullish.
I don't see anyone here calling for the end of the world or ruling out the
possibility of a higher high following a significant correction to the
March-September rally. I'm not even ruling out the possibility that we get a
modestly higher high before we correct. What I do know is that when the
breadth models get themselves into such bad shape in a fundamentally
overvalued market, the odds of much upside are very small.
Earl
----- Original Message -----
From: <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <nnandra@xxxxxxxxxx>
Sent: Wednesday, September 24, 2003 8:28 PM
Subject: [RT] Hurst 4 chart/Unnoticed thoughts
> Dear Nav,
>
> And here I thought it would go un-noticed. The way I see Mr. Market is:
>
> 1. Market internals are not judged on one days action. Even today of the
> 13 sectors most watched, 5 were in the green and 7 in the red. I just find
> it curious to see a possible top post so close to a market drop.
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