Hi Bill; just finished pluging the DOW into my new program,
and with this one I can inport the data to a spread sheet.
I don't know exactly what I've found here yet, but holy be it
don't look good. This one does the volume x price on each issue
and sums up the real Dollars traded, vs the market cap vs so
many things I aint figured them all out.
Roughly the index only fell like 2.94 % but of course it now
it has to go up 3.03 % to get back were it was.
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But that's nothing to looking at the Dollars, I had no idea
so much money could trade hands on only 30 stocks.
and BTW the volume was not all so high..that's the shocker
if GE could lose 2.44% of her value..but "only" traded
.16% of her shares what would happen if she tried to trade
as much as 10% of her shares like some companies do ,
I don't know man..had it been a drop on larger volume
I would see some sort of bottom maybe..but all in all
the volume was not there and she was sinking like a rock,
like "there are no buyers "
wall streets inside joke,
Broker "it's worth $100" clinet "sell it"
Broker , "ya but to whom" ?
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any way inside the dow, volume x "just the price loss" for the day
was 201.8B..considering she has a market cap of 1867.2B
that was close to 10% of her market cap that mooved down,
BUT you see the index don't reflect that !
The price on the stocks don't show such a big drop compared
to it. I'm not sure what it means, but yu can bet I ain't
looking to buy anything this week.
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Do you think this coming week got any chance of being up ?
it sure looks sick to me. Hell I was scared DEC5, as we
was to high, we much lower now but I is just as scared.
Jim |
