Zeev's Turnips Patch-No Politics (ZEEV)

[Koikaze]

re: "The contraction in new 52-week highs while the indices hang tough is remarkable. Wasn't it just last week that the daily count on the NYSE was in the 400-500 range?" and: "And your conclusion is????"

My unsolicited (and late) conclusion is that a contraction of new highs without an expansion of new lows is more likely to suggest consolidation than reversal.

Fred