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<P><FONT color=#000000 size=2>This is info available at <A
href="http://quote.yahoo.com/m0?u";>http://quote.yahoo.com/m0?u</A> . Can anyone
tell me if it is accurate?</FONT>
<P><FONT color=#000000 size=2></FONT><FONT size=2>thanks</FONT></P>
<P><FONT size=2>george</FONT></P>
<P> </P>
<P>Wed Jun 10 4:30PM Eastern U.S. Time -- U.S. Markets Closed. </P>
<HR SIZE=0>
<TABLE border=0 cellPadding=3 cellSpacing=0>
<TBODY>
<TR bgColor=#6699cc>
<TH colSpan=9>U.S. Market Digest</TH></TR>
<TR vAlign=top>
<TD></TD>
<TD></TD>
<TH align=right><SMALL>NYSE</SMALL></TH>
<TD></TD>
<TH align=right><SMALL>AMEX</SMALL></TH>
<TD></TD>
<TH align=right><SMALL>Nasdaq</SMALL></TH>
<TD></TD>
<TH align=right><SMALL>Bulletin Board</SMALL></TH>
<TD></TD></TR>
<TR>
<TD colSpan=10>
<HR SIZE=0>
</TD></TR>
<TR vAlign=top>
<TD>Advancing Issues</TD>
<TD></TD>
<TD align=right>976</TD>
<TD></TD>
<TD align=right>204</TD>
<TD></TD>
<TD align=right>1,459</TD>
<TD></TD>
<TD align=right>570</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>Declining Issues</TD>
<TD></TD>
<TD align=right>2,012</TD>
<TD></TD>
<TD align=right>358</TD>
<TD></TD>
<TD align=right>2,918</TD>
<TD></TD>
<TD align=right>732</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>Unchanged Issues</TD>
<TD></TD>
<TD align=right>507</TD>
<TD></TD>
<TD align=right>167</TD>
<TD></TD>
<TD align=right>951</TD>
<TD></TD>
<TD align=right>486</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD></TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>Total Issues</TD>
<TD></TD>
<TD align=right>3,495</TD>
<TD></TD>
<TD align=right>729</TD>
<TD></TD>
<TD align=right>5,328</TD>
<TD></TD>
<TD align=right>1,788</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD colSpan=9>
<HR SIZE=0>
</TD></TR>
<TR vAlign=top>
<TD>New Highs</TD>
<TD></TD>
<TD align=right>75</TD>
<TD></TD>
<TD align=right>13</TD>
<TD></TD>
<TD align=right>49</TD>
<TD></TD>
<TD align=right>59</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>New Lows</TD>
<TD></TD>
<TD align=right>151</TD>
<TD></TD>
<TD align=right>29</TD>
<TD></TD>
<TD align=right>187</TD>
<TD></TD>
<TD align=right>50</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD colSpan=9>
<HR SIZE=0>
</TD></TR>
<TR vAlign=top>
<TD>Up Volume</TD>
<TD></TD>
<TD align=right>195,843,856</TD>
<TD></TD>
<TD align=right>6,776,265</TD>
<TD></TD>
<TD align=right>188,287,936</TD>
<TD></TD>
<TD align=right>26,258,804</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>Down Volume</TD>
<TD></TD>
<TD align=right>395,529,600</TD>
<TD></TD>
<TD align=right>23,543,310</TD>
<TD></TD>
<TD align=right>476,789,024</TD>
<TD></TD>
<TD align=right>85,645,112</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>Unchanged Volume</TD>
<TD></TD>
<TD align=right>21,381,620</TD>
<TD></TD>
<TD align=right>4,147,260</TD>
<TD></TD>
<TD align=right>48,878,096</TD>
<TD></TD>
<TD align=right>13,115,420</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD></TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD>
<TD align=right>
<HR SIZE=0>
</TD>
<TD></TD></TR>
<TR vAlign=top>
<TD>Total Volume</TD>
<TD></TD>
<TD align=right>612,755,072</TD>
<TD></TD>
<TD align=right>34,466,836</TD>
<TD></TD>
<TD align=right>713,955,072</TD>
<TD></TD>
<TD align=right>125,019,336</TD></TR></TBODY></TABLE></DIV></BODY></HTML>
</x-html>From ???@??? Wed Jun 10 14:40:01 1998
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Date: Wed, 10 Jun 1998 17:05:37 -0400
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From: "John Stevenson" <johnstev@xxxxxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: MKT - The "Big Picture"
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I refer to the Jerry Favors analysis as stated last friday (5 June) on
CNBC. I think I heard him say that the mkt needed a week of big volume, and
needed to set new highs above the mid-May intraday high of 9312 or else. .
.that mid-May high would represent the "final top" of the astounding Bull
mkt we've witnessed for the past 2-3 years, and that a plunge would occur
within 107 +/- 5 calendar days from that top. I think it's safe to say that
the rally isn't happening.
I think it's high time that ALL investors pull their noses out of their
charts for a time, and take a REAL GOOD look at some fundamental questions:
1. Do you believe in the so-called "New Paradigm"?
(If you do I think you're probably beyond help at this point, but how can
you justify a New Paradigm, and engage in technical anaysis based on models
generated from the "Old Paradigm(s)"?)
2. What happens, based on historical empiricism, when prices rise, and
earnings fall?
3. If the "fundamentals" of the Economy can be reduced to "a low rate of
inflation" (as Bulls want us to believe), what about the other
"fundamentals" that tell a radically different story? (ie: balance of
trade, mkt internals, shrinking profits, chaos in foreign mkts, blazing GDP
growth. . .etc.)
4. Does laying off 1000's of workers really constitute an "increase in
productivity", or merely a short term boost to the bottom line (and the
stock price), to be inevitably followed at some indeterminate time by an
erosion of product and/or service quality? Is erosion of quality deferred
inflation?
5. Do the PPI and CPI really measure inflation (defining same as: an
erosion of purchasing power due to an expansion of the money supply), or
have they become easily manipulated tickets to popularity for politicians,
and sales tools for Mutual Funds?
I would like to stimulate some discussion of these potentially
earth-shaking matters in lieu of the usual formulae tweaking comments that
are of interest in the micro arena, but may lead to tunnel vision in the
macro arena.
Anyone care to wade in. . .?
A scientist un-accustomed to seeing Natural Law (if same is present in Mkts
at all) re-written by ravingly optimistic ad copy. . .
John D.Stevenson
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