Comments on: Nasdaq Has Way Too Many New 52 Week Highs

by: Dave

Fri, 12 Jun 2009 17:34:53 +0000

Holly,

I agree with both of your above posts wholeheartedly. The 11:33 post had great witty perspective.

Regards,

dave

by: Babak

Fri, 12 Jun 2009 16:57:26 +0000

according to Dow theory the Transports haven’t confirmed the move in the Dow Industrial average

by: Holly

Fri, 12 Jun 2009 03:33:49 +0000

DJTA is the real economy, but now we’re in the “printed economy”.

by: B. Wilson

Thu, 11 Jun 2009 15:29:14 +0000

Is the NASDAQ the new DJTA? Dow Theory says the Dow can’t move up without the Transportation index. Is the NASDAQ taking Transportation’s place? CSCO just got added to the Dow, reflecting the continued influence of Technology in our economy.

by: Pej

Thu, 11 Jun 2009 15:18:34 +0000

Maybe the fact that everybody thinks it’s going higher is a good reason for it to do the opposite?

by: Holly

Thu, 11 Jun 2009 13:54:27 +0000

After a sideway in June, market will continue go higher till late Aug or early Sept. Then the moment of truth will come: Bear Rally or new Bull….

by: U H

Thu, 11 Jun 2009 09:44:52 +0000

In the year 2003 the average stayed for MONTHS above 90…its not even above 90…

by: wayne

Thu, 11 Jun 2009 02:09:50 +0000

The market does what it can to fool as many traders as possible. Everyone is now lulled into thinking that we are in a trading range, so the market may have to go higher than anyone expects this summer, before it can start down,

Another interesting angle on New Highs and New Lows is to look at the sum of the new highs and new lows divided by the number of issues traded. Currently on the NYSE, that total is less than 1%, a level that has only been reached 3 times in the last 30 years. Interesting, the results of those previous 3 occasions was for the market to work higher. Of course 3 data points is hard to draw a conclusion from.

by: Manny

Thu, 11 Jun 2009 00:31:32 +0000

yeah i shorted a little and got stopped out on some swing trades. made some of it back going long BUT i know not to have an opinion, so like pej says, lets just wait and see.

by: pej

Wed, 10 Jun 2009 23:19:39 +0000

Markets are way overpriced in almost any metrics you can think of. But markets can be irrational for quite some time. I just recently started shorting the markets, but I still managed to make 3-4% loss. Wait&See…