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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/18/2001 4:03:47 PM
From: besttrader	of 37746

[BRIEFING.COM] There's a rule of thumb among investors which promotes investing for the long term. It states approximately 80% of annual equity gains are accomplished on the back of just 12 trading days during the year. Since those 12 days can't be identified in advance, the "prudent" investor stays in for the long term to be assured of garnering these advances. While the buy and hold strategy has met with understandable scrutiny, it's fair to say today is one of those theoretical 12 days. Behind this morning's half-point interest rate cut, buyers have jumped aggressively and indiscriminately into equities. Both the Dow (+4.5%) and S&P 500 (+4.7%) are posting daily gains which rival annual CD rates of return. The Nasdaq has left the stratosphere entirely as it posts an intraday gain of 10.6%. Total volume traded is high and market internals suggest broad participation. It's worth noting again that the Nasdaq has a shot at turning record volume on the day. DJTA +3.6%... DJUA -0.8%... SOX +15.4%... XOI -1.0%... BTK +7.5%... Nasdaq 100 +13.2%... S&P Midcap 400 +4.2%... Russell 2000 +3.3%... NYSE Adv/Dec 2083/982... Nasdaq Adv/Dec 2924/1021.

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