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 : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (192)	4/6/2004 7:20:15 AM
From: ~digs	Read Replies (1) \| Respond to of 7944

Yes... the best financial weblog that I have found thusfar is "The Big Picture" bigpicture.typepad.com I have been reading this one for a few months. Has a wide range of topics, but he mostly keeps things related to economics. Has an RSS feed which is a must these days, IMO. Ray: are you using an RSS aggregator?

To: Raymond Duray who wrote (192)	4/6/2004 7:23:40 AM
From: ~digs	Respond to of 7944

Research Note brettsteenbarger.com April 6, 2004 The market rose yesterday, but the number of 20 day new lows rose as well for the second consecutive day. Over the past three days, here have been the figures for the 20 day new highs vs. the 20 day new lows: April 1: 1273 vs. 304 April 2: 1673 vs. 638 April 5: 1622 vs. 969 What happens the day after the market (SPY) rises, when 20 day new highs exceed 20 day new lows, but when the 20 day new lows expand from the previous day? Since 9/2002, we have had 51 such occurrences. The next day, the market (SPY) was up 19 times, down 32 times for an average loss of -.29%. For the days in the remainder of the sample (N = 336), the market was up 192 times, down 144 times for an average gain of .12%. A market rise in the face of rising new lows thus tends to reverse more often than continue its upward direction, at least for the short-term.