Update of: "Watching the daily counts of NYA New Highs and New Lows is a good
thing to do."
Yesterday, the New Lows count was very high at 375 which was a very
strong level. At the same time, the New Lows' count was at an exceptionally
high level relative to its trend line.
At 375 it was quite negative to the point of being short term oversold. (Concerning:
On the Medium term, the New Lows were continuing to trend higher which
is a negative.
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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