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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Saulamanca who wrote (65777)	1/3/2001 10:59:08 PM
From: KymarFye	Read Replies (2) of 99985

Not just record % gain and record volume... By my reckoning the chart is unprecedented: You will not find anywhere else in the history of Nasdaq, I don't believe, a single session that completely engulfs eight previous trading sessions (and the entire real body of a ninth). Going back over the last decade or two, it's hard to find more than a handful of daily bars (whether measured from open to close, or from high to low) on the Nasdaq or other major indices that engulf more than two or three prior sessions. It's like a huge eraser that's rubbed out everything since the FOMC meeting Dec. 19. Also, by short, medium, and long term statistical measures of historical volatility, today's session also established new all-time highs - following a year during which the index blew away previous record levels. I don't know... maybe youse guys are hard to impress... I'm still buzzing...

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