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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (1414)10/6/1998 4:43:00 PM
From: Justa Werkenstiff  Read Replies (3) of 15132
 
** Market Review **

You could not write a better script for a bottom in my opinion. Look at the NASDAQ. It trades to a point within its intraday correction low and bounces on flat day-over-day volume. The volume has been relatively flat for days at around 860m. The up volume spiked 300% on the NASDAQ but with lower day-over-day 52 week lows from 566 to 527 and the A/D improved on all indexes. Otherwise, NYSE was uneventful. We had an increase in volume day-over-day in the NYSE at 842m vs. 808m. No big deal. It looks to me as if the NASDAQ is leading the market around by a leash until it works out its technical damage.
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