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S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,264.40
(
0.00%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.71
(
0.34%
)
Bitcoin
61,367.52
(
-0.39%
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S Chun-Li

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S Chun-Li

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Re: Zeev Hed post# 112155

Wednesday, 05/28/2003 4:06:02 PM

Wednesday, May 28, 2003 4:06:02 PM

Post# of 704019
I didn't read her piece on new highs either, but have been thinking about this measure (and new lows).

If we stay at this level for another 3 trading days, then Nasdaq will be at a new 1 yr high. That being the case, it seems intuitive that a higher number of stocks will be making new highs and a lower number new lows, than say a previous local top for instance Mar 21 this year. But to my mind that doesn't make this local top any more bullish than the last local top. Am I making sense? I wouldn't be surprised if I am not <g>

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