Justa -- maybe this is my ignorance showing, but it makes sense to me that new highs would be fewer here than they were on August 21st. After all, August 21st was, at that point, a sparkling new high on the naz average. Then, on the 22nd, we went 30 points higher than where we are today. So your analysis looks only at raw numbers on the 21st and today but doesn't look at the fact that we went nearly 2% higher on the naz between then and now. It would seem only logical to me, then, that today would have fewer net new highs than the FIRST TIME we reached this price. Net new highs, at least as I understand them, are not based on the close -- simply if the stock made a 52 week high intraday.
Numbers are fun... and I am not a bull here, either. But if you can explain why you think the specific stats you pointed out point out are anything other than a logical statistical outcome based on the intervening new high in the Naz, I'd love to hear it.
the freep
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