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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: 2MAR$ who wrote (68568)5/20/2002 8:47:46 AM
From: pchristi12534  Read Replies (2) of 99280
 
At footprintstocks.com we're not into technical analysis. Perhaps you're right - ERTS might need a rest. However, it looks like some institutional investors might need to be convinced about the need for a rest.

Although one day does not make a trend, it was interesting to note that on Friday there was only 18% more volume on upticks than on downticks - excluding block trades – for ERTS. However, more noteworthy, there was 360% more volume on upticks than on downticks for block trades of 10,000 or more.

Block trades typically represent institutional investors - and there are those who believe that institutional investors are more sophisticated and smarter than individual investors.

We'll continue to watch this daily to see if these ratios persist.
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