Joe Stocks Trader Talk Message Board

STOCKTALK

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 : Joe Stocks Trader Talk

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Stocks who wrote (174)	2/10/2002 4:31:18 PM
From: Dan Duchardt	of 787

Joe, This explanation is satisfying for me. I guess the trouble I was having was thinking in terms of the index as a whole, rather than the individual components of the index. One of the things I have taken to watching throughout the day is the advance decline numbers for Nasdaq to confirm moves in the Nasdaq futures. I also have access to a price-volume version that I assume is the accumulation of the product of price change times volume for each stock in the index for each day. This would not be exactly the same as what you are reporting, but should tell a similar tale. The first four days were down days in both the count, and the price volume calculation. The late Friday rally had Nasdaq advancers leading decliners by over 1100, but the average of the down days was about -1100, so even with the rally we would expect most issues to be down for the week, as your numbers confirm. I don't know what the rally was all about, but for me it sure was a surprise ending to a dismal week for the market. Monday should be interesting. Got to wonder if we're being set up for the slaughter, or if some heavyweights really think this is going to turn back up. Dan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next