Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: minorejoy2000 who wrote (33798)	10/20/2000 7:44:52 PM
From: Challo Jeregy	Respond to of 42787

Mino - (fwiw) re: Since there have been some established guidelines to indicate a rally, such as 4th to 7th day confirmations (3 is it?) on increasing volume Per IBD this am about market moves from Thurs- The previous rally attempt that began Oct. 13 was crushed Wednesday when the indexes sank below that day’s intraday low. Thursday counts as the first day of a new rally. Another big advance in heavier volume later next week would offer a confirmation. Thursday stats - DJIA +168 (1.7%) vol 1297/1330 (depends on source) NASD +247 (7.8%) vol 2337/2343 " Friday stats- DJIA +83.61 (.82%) vol 1178 (from yhoo) NASD +64.5 (1.89%) vol 2172.5 " From the same article - Investor pessimism has yet to reach extreme levels. A data error by the Associated Press sent Wednesday’s put/call volume ratio soaring to 0.95. The actual figure was closer to 0.84. The ratio sank to 0.60 Thursday, which isn’t reflected on today’s chart. investors.com Still, and all, I enjoyed yesterday. <g>

To: minorejoy2000 who wrote (33798)	10/20/2000 11:43:41 PM
From: donald sew	Respond to of 42787

Minorejoy2000, >>>> what time frame would you expect retests to occur? Since there have been some established guidelines to indicate a rally, such as 4th to 7th day confirmations (3 is it?) on increasing volume, are there also expectations for retests? <<<< When I did my analysis on retests of declines greater than 7% I did it over a period of 30 years. Unfortunately all the exact data was lost when I lost my hard drive about a year ago. What I recall is that the majority of the retests occured within 2 months, and I recall a few that lasted about 3 months. I did not make any observation on volume since I did not have that data going that far back.