Profunds index and sector trading

[Huluriasquias]

I'm just now reading your NazNewHighs "saga" (not much time for anything of late...) and I have a few comments to make:

I've been tracking new highs since mid October from this site:

http://dynamic.nasdaq.com/asp/usmostactive.asp?exchange=nasdaq&mostactive=adv#adv

(Adv/Dec and NewH/NewL info is quasi-real-time)

and this is my log:

(You can see that 11/7/03 was higher than yesterday)

Date Nas New Highs

01/21/04 153 (so far)
01/20/04 575
01/16/04 436
01/15/04 318
01/14/04 339
01/13/04 302
01/12/04 363
01/09/04 348
01/08/04 419
01/07/04 308
01/06/04 353
01/05/04 340
01/02/04 234
12/31/03 213
12/30/03 301
12/29/03 307
12/26/03 117
12/24/03 124
12/23/03 182
12/22/03 173
12/19/03 202
12/18/03 119
12/17/03 95
12/16/03 84
12/15/03 251
12/12/03 179
12/11/03 139
12/10/03 98
12/09/03 167
12/08/03 144
12/05/03 101
12/04/03 148
12/03/03 301
12/02/03 411
12/01/03 463
11/28/03 213
11/26/03 278
11/25/03 371
11/24/03 283
11/21/03 127
11/20/03 148
11/19/03 155
11/18/03 148
11/17/03 129
11/14/03 234
11/13/03 283
11/12/03 245
11/11/03 129
11/10/03 361
11/07/03 594
11/06/03 541
11/05/03 446
11/04/03 402
11/03/03 566
10/31/03 427
10/30/03 442
10/29/03 381
10/28/03 293
10/27/03 190
10/24/03 104
10/23/03 120
10/22/03 124
10/21/03 241
10/20/03 187
10/17/03 215
10/16/03 263
10/15/03 416
10/14/03 401
10/13/03 379

I have also been baffled by high new highs numbers in so-so days. My observation is that they are 1-day delayed respect to a high in the index, (or a good day) and my working explanation is that they are caused by a day late reaction in those thinly traded stocks that trade 2 or 3 times a week.

No hard data to support it, but it's the only explanation I could come with... <g>

Keep on the good job,

H.

BTW have we hit COTL yet?