|
PureBytes Links
Trading Reference Links
|
MR Associates Int wrote:
>
> Heard one of the local market analysts say this morning that the Lowry
> Index is signaling caution because:
>
> - "Buying pressure was low during last week's market push of over 300
> points..."
>
> He warned of the triple top forming in the Dow and not being confirmed
> by NASDAQ stocks.
>
> Does anyone follow the Lowry Index? How is it formed?
>
> Mike R
When I look at my cumulative volume index. which is just an intraday net
advancing volume.. I notice one thing.. It took less shares/point and
less time to proceed from the 10/28 low to 12/6 than it did to go from
the 8/18 low to the October top..
I'm no quant but it looks to me like there are less people selling.. Why
else would price go up on such momentum if people were selling the heck
out of it.. But that is not the last week.. the angle of assent isn't
as steep..
If someone else has a different perspective please chime in..
Of course this is only one piece of the puzzle and it doesn't predict
the future.. I have no figures for the NASDAQ.. I just kind of wanted to
put my observations on it.
If anyone wants to see the gif of the volume.. e-mail me.
It's a 55k gif..
Don
don
|