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Dear Earl,
I looked at your post and have no quarrel with the one prior or this one.
I looked at the ADX for NYSE and Nas and only see miner dips in an upward
trend.
No one has all the answers but what has been presented, as I read it is
some kind of imminent decline which i believe is speculation at this point
in time.
Your breadth model is not bullish...but that does not mean other
barometers are bearish.
Sincerely,
John
> 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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>
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