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To: Shack who wrote (31711)2/20/2002 4:05:39 PM
From: john722  Respond to of 209892
 
My Bet is Da Boys Gave Away a

5% gain in most stocks off the lows today in order to take anutter 10-15% back..........................



To: Shack who wrote (31711)2/20/2002 4:08:27 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
First decent late buying we have seen since the 8th -- that much-discussed hammer day that some doubted because of this and that. This isn't the same as that day, but I am holding.

On NDX, doing a quick check since the middle of November on the late day rallies, we have seen 12 of them where the last 1/3 of the day rallied 15 points or more beyond the end of the middle 1/3. Of those 11 instances, only 5 showed a higher high at the close the next day, although 8 showed a higher high at some point the next day. Doesn't mean that much, but it was easy to check so I did. -g