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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul e thomas who wrote (11211)	4/25/1998 10:13:00 AM
From: paul e thomas	Read Replies (3) \| Respond to of 13949

MORE SUPPORT FOR Y2K DECLINE HYPOTHESIS Todays Nasdaq tables of stocks that declined yesterday with significant above normal volume shows there were 73 stocks that declined more than 1/2 point on greater than 80% above normal volume.Of this total 23 stocks or 31 % ended up with a relative price strength rating of > 90%. This means the incidence of stocks falling in price significantly on higher than normal volume was 3 times the incidence you would expect.By contrast on Tuesday IBD reported 29 stocks dropped sigificantly with greater than 123% added volume (42 had greater than +123% added volume on Friday among the significant losers).Only 3 of the 23 stocks or 13 % were stocks with an RS rating of >90. Therefore the incidence of stocks dropping a lot but still with strong year to date price performance more than doubled from Tuesday to Friday. This confirms that the Worden Brothers graph I referred to in my previous post I am responding to.