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To: Elroy who wrote (88602)7/1/2022 12:33:59 PM
From: Return to Sender2 Recommendations

Recommended By
Elroy
Sam

  Respond to of 95479
 
<SNIP>
Does Tuesday's 90-90 Lowry Up Day Mean Anything?

Feb. 25, 2009 4:39 PM ET DIA, SPY, QQQ 2 Comments

Tuesday’s +3% snap-back rally was one of the famed Lowry 90%-90% days. For those unfamiliar with the term, these are climactic days coined by a research report by Paul Desmond written in 2002 (you can find the original report in the free trading resource section - in the Articles and Reports section).

90-90 days are defined by two conditions:

  1. Volume is extreme so that 90% or more is either devoted to downside volume or upside volume.
  2. Points are so extreme that they are 90% or more either gained or lost to the downside.
These days are significant because historically, every single major shift in the nature of the market has been presaged by the presence of one or several 90-90 down days (representing panic selling) followed by 90-90 up days (panic buying).



To: Elroy who wrote (88602)7/1/2022 7:58:43 PM
From: Return to Sender2 Recommendations

Recommended By
Sam
Sr K

  Respond to of 95479
 
The data from Briefing.com that I report each night has the information that shows some of what I watch but the best data comes from the WSJ site after the close:

wsj.com

Here is a link to a post of the last time we had such a day in the stock market:

Message 31962359

RtS