Zeev's Turnips Patch-No Politics (ZEEV)

[shoreco]

>> Would anyone believe that the nyse high / lows undercut the october 2002 lows today <<

No, I've been questioning the numbers and I still can't get a "list" of the 700 stocks that hit new lows on the NYSE, but I can get this list of 141 stocks that hit "52 week lows" on the NYSE...

http://stockcharts.com/def/servlet/SC.scan?s=TSA[t.t_eq_s]![t.e_eq_y]![as0,20,tv_gt_40000]![tl0_lt_a...

I believe that number has a whole group of new funds that aren't even a year old therefore they're hitting "new inception lows" and cannot be compared to the NYSE lows of the years past...

ie: If these new stocks/funds were around back then then maybe those numbers would have been more like -1300 new lows, or maybe they trade @the NYSE but aren't included in the index prices???

I don't know but it doesn't make sense and until we find the "real truth behind the numbers" we are all looking at bogus data...

141 new 52 week lows makes more sense at the current index prices...

An expansion of 700 new lows (comparing apples to apples) whould have the index down 10% or more IMO...

EOM
Shoreco