Re: [CANSLIM] Low Number of New 52 Week Highs Today

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Low Number of New 52 Week Highs Today
Date: Wed, 25 Sep 2002 17:13:50 EDT

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Kelly:

     When the market makes a new low, the first day in a rally will show few 
"new highs" because stocks have been following the market down.  

    I imagine that's why WON says it takes a few weeks to see if leading 
stocks (which at the market beginning is at their nadir) will break out.  

jans

In a message dated 9/25/2002 4:27:18 PM Eastern Daylight Time, 
kelly.short@fw.us.neoris.com writes:

<< Interesting that on this high volume up day the number of new 52 week 
highs (price>$12, Amex, NSDQ, NYSE) was 10, which is the average daily number 
for the past week.
  >>

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