Zeev's Turnips Patch-No Politics (ZEEV)

[deuce bigalow]

. So, not only the current rally lacks volume, not only it lacks broad participation by the overall market<<<<

market internals have little to do with the market since the 1998 top, except at extremes, the small caps were rallying during the big cap bear market from the 00 top and skewing the market internals bullish,

and skewing the market bearish from the early 99 top in the a/d line, while the averages took off, there were so many failed hindenberg sell signal during jan-october 99, they decided to make the market a blow-up doll -g-

a/d line, new highs new lows, mcclellan oscilators, participation index means nothing - except at extremes,

all that matters is price.


since the october bottom the big caps have lead the rally, while the small caps have lagged.

those charts displayed show a sideways choppy trading range for 5, maybe 10 trading days, it's either working off overbought, or distribution,

no merlin prognosticator can tell you for sure, which way it will break.