23 replies to this topic

[denleo]

With all due respect to that powerful NDX advance today of 13.59 points........17.14 of those 13.59 points were added to the index by 5 stocks and one of those was worth 9.38 points.

Exactly, a/d line has to be negative to keep going higher in order not to get overbought. Very soon I expect the market to be up on only three stocks. This way the indexes will make more money than any other time except for 98 and 99.

Denleo

[tommyt]

"Majority of the earnings will be "better then expected"... There really can be very little negative surprizes in this market. Mostly positive." By the time we get to Aapl and Goog #'s next week, they will have long been discounted and they will sell off on their news.

[pdx5]

Doom and Gloom is rtaging on CNBC again. Analysts downgrading everything in sight.

Consumer just about pronounced dead. Economy slowdown unavoidable.
Earnings estimates came down from 6% growth to 0.7% growth for the quarter. Talk about low expectations.

And all that gloom with the DOW 30 points off the highs.

Is'nt DOW usually near the highest at the top?

Thanks for CNBC reports. I don't have cable....

You are not missing much except higher bills

[arbman]

Exactly, a/d line has to be negative to keep going higher in order not to get overbought. Very soon I expect the market to be up on only three stocks. This way the indexes will make more money than any other time except for 98 and 99.

Yes, going up without stocks and without volume, typical bull market!