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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: orkrious post# 167766

Monday, 11/03/2003 11:00:41 PM

Monday, November 03, 2003 11:00:41 PM

Post# of 704041
Yes, but that is not enough for a major top by itself, we had a number of 0 reading on new lows in the last two months, and the new highs is not yet high enough for a "major" top either, nor is the equity P/C ratio. It just suggests that the next retrenchment will still be shallow, as usual in a (cyclical) bull market.

AZH

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