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To: patron_anejo_por_favor who wrote (196448)10/9/2002 11:36:02 AM
From: Lucretius  Respond to of 436258
 
working so far



To: patron_anejo_por_favor who wrote (196448)10/9/2002 12:10:23 PM
From: oldirtybastard  Respond to of 436258
 
this market is so, so stupid, it must suck to feel like you have to own stocks that trade in it -g-



To: patron_anejo_por_favor who wrote (196448)10/9/2002 12:17:46 PM
From: DaveMG  Respond to of 436258
 
<<The prop job in the OTC stocks has been unbelievable, the TRIN has been below 0.30 practically all day...>>

Hi there Patron..

There's been so much distortion introduced into TRIN by stocks like SUNW, WCOM, ERICY,NT,LU, etc., all trading for a few bucks or less that I've been thinking that a more useful ratio would be produced by dividing the adv/decl ratio by the amount of money going into advancing issues/$ declining issues:

adv/decl divided by $adv/$decl

And I think this is one of the places where guys like Don Hayes have gone wrong, ie they've used the old benchmarks like the 10 day Mov Avg over 1.5 as a signal, when all these low priced stocks have to move the inflection point higher.

BTW I just wanted to say THANK YOU to all of you on this thread. I'm an old friend of DAK's and have been a lurker here for quite a while. You've all done an incredible job of figuring out what's going, an impressive communal endeavor.

As an aside I was an early QCOM bull back in the relatively early SI days, before the run.The closer the stock got to it's highs the more the SI discussion deteriorated.IMO the high quality of the dialogue maintained on this thread is indeed very Bearish, unless of course "censorship" is hiding the true nature of things.

Thanks again to all.......Dave



To: patron_anejo_por_favor who wrote (196448)10/9/2002 12:51:44 PM
From: marginmike  Read Replies (1) | Respond to of 436258
 
we will see, it seems weve had a rolling correction which is ending, at least for now.