InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
64,146.74
(
0.40%
)
Post# of 704019
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Zeev Hed

Send PM Follow Ignore
Followers 1060
Posts 44342
Boards Moderated 3
Alias Born 07/07/2002

Zeev Hed

Re: positiontrader post# 79336

Sunday, 02/23/2003 4:16:23 PM

Sunday, February 23, 2003 4:16:23 PM

Post# of 704019
We often get these "false" breakout, actually more often than not they occur near local tops (view the 5/22/ 2001, or even better the Autumn of 2000, as well the March and 8/22 tops last year. All of them were characterized by lack of expansion of new highs, excessive reading in the number of stocks above their 10 DMA, and what is lacking now, excessively low equity P/C ratios (and a number of posters have mentioned that last months saw unusual activities in that ratio to make it less valid as a general indicator).

Zeev

AZH

Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up