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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Joss who wrote (34211)11/23/1998 5:27:00 PM
From: James F. Hopkins  Respond to of 94695
 
Steve; I've never seen this before ( that don't mean it don't happen )
but my not having seen it I said to myself better get out until
I figure it out, maybe the feed was bad ? I don't know, I didn't
look at the volume until after I pulled the plug.
Every time before when I saw strong negative tick ( AND THE INDEX UP )
it was a sure leading indicator of some down side ahead.
They don't oppose one another with out some monkey business going
on, yet today might be the exception. At least it's got me
scratching my head, and every were else too. :-)
I guess we will know in a day or two, as that's about all the time
it takes to confirm itself.
Jim



To: Joss who wrote (34211)11/23/1998 7:37:00 PM
From: HairBall  Read Replies (1) | Respond to of 94695
 
Joss: The Cumulative Tick for the NYSE or NASDQ is just the direction of the majority of stocks in the Index during a given time interval, not the magnitude of each up or down tick per stock.

So, if the tick is moving marginally or even to the opposite direction of the Index, it means a minority of stocks are controlling the Index.

This IS camouflage for the Big Boys.

Regards,
LG


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