Sept. 30, 1999
The relentless deterioration in most stocks continues, bringing on a great deal of frustration to investors. Don't you just wish they fall apart and get it over with already? But that's what most investors are used to: bid downdrafts, where you buy when they're down.
But for the most part, buying when they're down these days hasn't helped at all. So many stocks go down and stay down, wearing your patience thin.
Sure, I still expect a rally in the near term from this oversold condition. But I also expect it will not take the market very far. I still expect this market to have a lid on it through year-end, with the erosion in individual stocks continuing.
New Highs and New Lows
Cumulative Advance/Decline Line
Helene Meisler, based in Singapore, writes a technical analysis column on the U.S. equity markets on Tuesdays and Fridays, and updates her charts daily on TheStreet.com. Meisler trained at several Wall Street firms, including Goldman Sachs and Cowen, and has worked with the equity trading department at Cargill. At time of publication, she held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. She appreciates your feedback at