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发表于 2009-11-18 11:50 PM
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(From a weekend newsletter:)
NYSE McClellan Summation Index 396.80. Our market breadth index stabilized and turned slightly higher advancing 32.87 points. While the major indexes are moving higher fewer individual issues are moving higher suggesting distribution. One example considered by some to be a market bellwether is Goldman Sachs Group Inc. (GS) 176.76. On Friday, the NYSE Composite Index rose 56.75 to 7119.80, and just 1.68% below the previous high of 7241.39 made on October 19, 2009. However, GS declined 1.72 or 8.7% and below the high of 193.60 made on October 14, 2009. This could represent rotation out of financials or distribution. For now, we rate it as a caution flag. |
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