Far from scientific I admit, but when I was scanning through the
sector indexes, I noticed that with only one exception, if an index
bounced in October, it got hammered today, if the sector index waited
to beginit's recovery in March, it was up today. It was kind of
funny as I scrolled down and saw the charts lining up with October
bouncers all red and March bouncers all black.
Not too bad looking consideing the ending sell off and note the
almost triple upside volume on the BB stocks I mentioned earlier.
When I wrote you earlier, the NASDAQ sold off 20 points in the time
it took me to type 3 words and I watched a stock I briefly was
considering buying drop 5 points in under a minute. Will the floor
hold or will this continue tomorrow. Probably depends on AMZN's
numbers. If ti bounces tomorrow, this may have been a ploy to get
cheap share. Then again, I am noticing that some of the previously
fast runners are starting to form H&S patterns again.
Wed Apr 28 4:06pm ET - U.S. Markets Closed.
NYSE AMEX Nasdaq Bulletin Board
Advancing Issues 1,729 299 1,945 919
Declining Issues 1,277 261 2,141 890
Unchanged Issues 511 166 756 624
Total Issues 3,517 726 4,842 2,433
New Highs 86 16 84 65
New Lows 29 6 51 47
Up Volume 484,772,704 23,818,280 358,631,456 324,922,816
Down Volume 434,778,048 22,664,290 599,919,936 132,952,928
Unchanged Volume 27,170,130 3,862,640 44,054,940 19,736,700
Total Volume 946,720,896 50,345,208 1,002,606,336 477,612,448
quote.yahoo.com
Good Luck,
Lee |
