imo it isnt. there were 113 yesterday and 160 on monday for nya. the internals were lousy on back to back days in the nya. see this stat a buddy of mine pulled together for me on the spx
<Posted by: sallen In reply to: Steve who wrote msg# 10099 Date:4/14/2004 4:51:33 PM Post #of 10127
Couldn't find one instance of a day like this in the last 40 years. Set parameters as nyse decliners over advancers by 3 or more to 1, and an s&p loss of 2/10 of 1% or anywhere above (ie, flat to up). Not a single one turned up. 519 instances of 3 to 1 decliners over advancers, every one had a s&p loss of more than 0.2%. Except this one.