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 : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Area51 who wrote (3296)5/25/2000 12:35:00 PM
From: J.T.  Read Replies (1) of 19219
 
Ralph Bloch from Raymond James via Jag Notes:

May 25, 2000

...<The DJI was up all day other than a modest dip to (DOWN) 53 around 1:00 p.m. NASDAQ fell to (DOWN) 120 at the same time and then came roaring back to close (UP) 113 and 106, respectively ? Bingo on our early morning call!! All of this with very odd and extremely low P-C Ratios. 89% at noon, 67% at the bell ? unusual for them to be so right even for 1 day. We?ll see what they look like today. If you use daily high and low figures we find that NASDAQ has just had a drop of 40%. We have been harping on the critical need for a sharp increase in volume on the downside and then the upside ? well, we finally got it as Big Board volume jumped to 1.131 billion vs. 862 million. NASDAQ rose to 2.021 billion vs. 1.24 -- solid volume. Maybe the ?Arms? index indicator survives after all? We are going to view this rally as a trading rally and one that actually might last a while. As of now, we are not dreaming about new highs by any stretch of the imagination>...
-------------------------------------

Ralph has been sitting on the sidelines the last 3 weeks sitting in cash breaking out in hives waiting to put the money to work... fwiw

Best Regards, J.T.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News