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Replies to #120 on exp system
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exp

05/02/03 10:38 PM

#121 RE: positiontrader #120

Marc, i just posted ajtj's chart and extended NYSE new lows chart for 1991-2003 in this post:
http://www.investorshub.com/boards/read_msg.asp?message_id=972934

as you can see, single digit NYSE new lows were common during the bull market of 1991-1998...so a new bull market would have those often as well...however, extreme readings of fewer than 5 NYSE new lows marked (local) tops during 1991-1998, so likely we are within days of a major (local) top here...

Marc, is your NDX 1300-1350 target based on resistance from Feb 02 bottom at 1330?
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[r,a]wacaynay[d20020102,20030502][pf]&pref...