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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Dave H who wrote (3852)11/20/1997 12:18:00 AM
From: Instock  Read Replies (2) of 4701
 
Dave H: Why not compare the POW's to the NASDAQ instead of the Dow? I beleive these are all Nasdaq stocks, correct? Thought so.
OK
The Dow Chart: quote.yahoo.com^DJI&d=3m

The Nasdaq: quote.yahoo.com^IXIC&d=3m

As you can see from above,the Small Caps are lagging behind the DOW in the recovery.
The DOW might be back, but the NASDAQ has another 60 or so points to go.
NASDAQ closed today at 1601.22 Change +0.78 (+0.05%)
WOW, up a whole 0.78 !!! AT this rate, it could be a few more weeks before the NASDAQ is back to pre 10/30/97 prices.
That's the NASDAQ, we have stocks here that are more the lower end of the NASDAQ, and those got hurt harder then the NASDAQ as a whole did.
Remember, there are many DOW type stocks in the NASDAQ.
I would expect that the Lower price NASDAQ stocks will need more time to recover then the whole NASDAQ, just as the NASDAQ needs more time then the DOW.

Its great that these LOW Priced NASDAQ Stocks Beat the DOW: ATPX,MLOG,RADAF,RECY,SEEQ,VCR
The others that got beat by the DOW, is what I would expect from LOWER PRICED NASDAQ Stocks.

Lets see, NOIZ was the biggest loser. Maybe I will load up on that one since it has the most room to recover and is probably very oversold! Thanks for the list!!

Ah, what was your question again?

Instock
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