Stock Watch

DOW JONES ANALYTICS

Below is a chart of the DOW Jones for the last ten consecutive trading days.
This Chart corrolates with the NEW HIGH and NEW LOW Data provided below the chart.

DATE	DOW ENDED	#NEW HIGHS	#NEW LOWS
06/22/07	-185.58	145	116
06/21/07	+56.42	125	80
06/20/07	-146.00	273	45
06/19/07	+22.44	236	37
06/18/07	-26.50	303	28
06/15/07	+85.76	410	33
06/14/07	+71.37	321	92
06/13/07	+187.34	150	124
06/12/07	-129.95	96	159
06/11/07	+0.57	123	113
06/08/07	+157.66	65	142
06/07/07	-198.94	43	99
06/06/07	-129.79	75	48
06/05/07	-80.86	202	36
06/04/07	+8.21	422	25
06/01/07	+40.47	479	32
05/31/07	-5.44	432	21
05/30/07	+111.74	221	28
05/29/07	+14.06	190	24

On the table provided, please notice that from 05/29/07 through 06/06/07 regardless of how the market ended up or down there was a considerable amount of New Highs as opposed to New Lows. Look at 06/05/07 and 06/05/07 and notice that combined the Dow managed to lose 210 points but still managed to muster 277 New Highs to 84 New Lows. Please pay attention this may be very important. On the last two trading days New Highs were shut down. Not only that but notice there were more New Lows on 06/08/07 and the DOW was up 157 points. Can this mean that there may be a shift in sentiment? I repeat, Could this mean a shift in sentiment?

My answer is this. I am not sure, but if it does then you will be the first to know. I will be on top of this. I hope you all had a safe and wonderful weekend. (TT)