SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stan s. who wrote (21398)10/31/1999 2:09:00 PM
From: stan s.  Read Replies (1) of 108040
 
...that NYSE advancing volume decked declining volume by a
margin of nearly 5.8 to 1 on Thursday.

"This type of a ratio says the rally's got more gas in the tank, and it's high
octane, too!" he exclaimed. "History shows similar volume results bode well
for stocks three months out."

Roque observed that, since 1994, there have been 12 instances in which
advancing volume bested declining volume by over 5.8 to 1. He found that
three months after such a reading, the S&P500 was up 11 out of 12 times
for an average gain of 8.6 percent, with +19 percent the biggest gain and
-0.4 percent the sole setback. The average gain was 8.6 percent.

"Pretty compelling results when you think about it," Roque enthused."


cbs.marketwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext