InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
58,192.57
(
-0.19%
)
Post# of 148479
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Gizmo

Send PM Follow Ignore
Followers 15
Posts 1711
Boards Moderated 0
Alias Born 07/07/2002

Gizmo

Member Level

Re: teaparty post# 88717

Sunday, 08/20/2006 3:54:24 PM

Sunday, August 20, 2006 3:54:24 PM

Post# of 148479
I'd say so. Your count and target is looking good to me.

Mike Burk says...
Because of the lack of new highs it is likely the move last week was a bear market rally rather than the beginning of a new bull market.

and...

You expect new highs expand in up markets and contract in down markets.

There were 78 NASDAQ new highs on August 4 when the index was at 2085.

On Friday the number of NASDAQ new highs declined to 53 from 80 on Thursday with the index at 2163.
http://www.safehaven.com/article-5727.htm

Gizmo...


Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up