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Strategies & Market Trends : Shorting SPY for fun and profit. -- Ignore unavailable to you. Want to Upgrade?

To: ed doell who wrote (186)	9/24/1999 8:08:00 AM
From: fut_trade	Read Replies (1) \| Respond to of 346

Here's the advance-decline and new highs-lows data for the NYSE from the summer of 1998. There was a steady decline from the high, but the largest drop occurred on 08/31 awhile after the new lows ballooned to > 500 on 08/04 and 08/05. NYSE VOLUME ADV DEC NHIGH NLOW 07/20/98 599.21 560381781 1248 1731 128 73 07/21/98 590.67 663422007 920 2090 103 113 07/22/98 588.81 739591654 1056 1912 35 168 07/23/98 576.68 741527366 647 2377 33 222 07/24/98 576.32 684784194 1137 1827 29 245 07/27/98 577.43 619813461 946 2076 25 306 07/28/98 569.49 703361097 845 2182 16 320 07/29/98 567.42 644198049 1349 1639 19 228 07/30/98 575.26 687293434 1919 1022 38 171 07/31/98 565.27 645713094 789 2236 21 269 08/03/98 560.89 620269608 957 2110 22 347 08/04/98 541.36 852342558 514 2626 21 541 08/05/98 544.01 858943783 1270 1841 11 566 08/06/98 547.80 768090837 1699 1280 18 296 08/07/98 549.50 758920666 2008 990 32 132 08/10/98 545.72 579060654 1002 2012 19 179 08/11/98 537.95 774032574 570 2613 17 483 08/12/98 545.46 711529650 2200 874 29 160 08/13/98 541.06 660572541 1122 1897 33 237 08/14/98 535.71 643843061 1326 1669 29 233 08/17/98 543.99 584112245 1591 1425 32 266 08/18/98 552.03 690480227 2104 943 48 147 08/19/98 550.05 633295352 1257 1778 21 153 08/20/98 546.22 621373896 1103 1906 32 235 08/21/98 540.82 725494766 812 2325 21 479 08/24/98 543.72 563694943 1420 1650 39 272 08/25/98 545.01 682535705 1374 1674 52 290 08/26/98 539.56 673922203 767 2391 33 575 08/27/98 518.82 938296360 378 2875 14 991 08/28/98 512.12 841389836 918 2213 18 813 08/31/98 480.60 917250286 414 2886 15 1183 The leading internet stocks were bought strongly in after hours trading yesterday. I think they will be bought on any weakness. I think that any problem with U.S. markets will impact the economies the Asian markets that are still trying to recover. The Asian markets have been run-up on speculation that they will recover. The Asian economies are still fragile. Peter