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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Gord Bolton who wrote (49041)2/15/2000 7:33:00 AM
From: long-gone  Read Replies (1) of 116759
 
Edited by Ryan Troup with MoneyNews.com Staff
For the story behind the story...

Friday February 11, 2000 3:20 PM EST

Get Out The Dow 10,000 Hats... Again!

In the spirit of productivity gains, it appears that the Dow Industrials are going to allow us to use our "Dow 10,000" hats again. Think of the labor time that will be saved!

Over the past several years, the buyers on dips have been rewarded on days of extremely high volume and sharp sell-offs. We just haven't had that this time. At least not yet.

Today's volume as of 3PM on the Nasdaq was approximately 1.5 billion shares. The New York Stock Exchange volume was approaching 850 million shares. Further, the declining versus advancing issues were at a 5:4 ratio on the Nasdaq while the NYSE was a 2:1 ratio. These figures do not define a panic sell-off.

A panic sell-off would be when most (cont)
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