SI
SI
discoversearch

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.
Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (3905)9/13/1998 3:32:00 PM
From: Berney  Respond to of 11051
 
BAMBI Update

BAMBI continues to be of little importance as the market continues to be trendless. There was some slight improvement and BAMBI is 21 to 9 bearish. Only 12 DJIA stocks beat the Index this week.

The continuing problem, that first appeared in mid-July, is that we continue to get back-ups. I would expect stocks to generally move from 1 to 6, and back to 1 again. This week 4 stocks moved backwards in the system. I do not view this as a healthy sign. However, it probably represents the current market conditions, where a stock begins a bullish run, the run is halted and the stock reverses. This all occurs in a matter of days, which does not help an analysis of weekly charts.

Berney



To: smolejv@gmx.net who wrote (3905)9/13/1998 3:47:00 PM
From: Berney  Respond to of 11051
 
Re: Volatility

The following chart is based on the closing prices of the Index.

CHANGE IN DAILY CLOSING PRICES
YEAR UP MORE THAN 2% DOWN MORE THAN 2%

1987 20 20
1988 11 5
1989 2 2
1990 5 8
1991 7 2
1992 0 0
1993 0 1
1994 1 1
1995 0 0
1996 0 3
1997 9 6
1998 5 6

I'm not really in a position to analyze the results yet, but the data
has been captured for future reference. It is interesting to me that
in the five years from 1992 to 1996, we only had 6 days of extreme
volatility.

BTW and FWIW, August now has become the worst month for investors
since 1986.

Enjoy,

Berney