|
PureBytes Links
Trading Reference Links
|
Ok so tom may sound like a raging nut who has it out for Genesis.
If you ran a data service would you have a computer program that lists any
stock that moves more than 10% on low volume?...of course you would.
Here is a chart of Dupont-a Dow stock... the error has been there for 2
months.
owner-realtraders@xxxxxxxxxxxxxx wrote:
> On a simple examination if you look at volume (applying a 5 period expMA)
> on NYSE then this is divergent to the price rise we saw in the Dow from
> Oct8 to today just as it was in the rally from sep1 to sep24. Volume was
> convergent with the moves down over the last 8/10 weeks or so.
>
> regards
>
> Philip
>
> ----------
> > From: Tom Stein <comfut@xxxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: MKT Rally on light volume
> > Date: 23 October 1998 14:30
> >
> > Earl wrote "One of the more puzzling aspects of the rally from the Oct
> low
> > has been the relatively light volume on the futures whether one measures
> by
> > contract volume or net tick volume (net intraday up/dn ticks)"
> >
> > I would have expected the volume in the futures markets to be greatly
> > reduced. We just had the largest point move in the shortest period of
> time
> > during pit-session trading that I have witnessed in 16 years of trading,
> > INCLUDING the 1987 crash. Remember, this type of move does not happen on
> > the downside due to 25 point limits. Consider:
> >
> > 1)Last Thurs. 50.00 move in 5 minutes increased the risk of S&P futures
> > trading dramatically.
> >
> > 2)Floor traders are reducing their own scalping lots
> >
> > 3)Off-floor day-traders are reducing their size as well
> >
> > 4)Many firms are requiring higher than 50% margin for day-trading the
> > S&P...some have gone to full margin.
> >
> > 5)The battlefield is littered with bodies after the Fed came in with a
> > cannon that blew up
> > many of the troops. Many were injured badly. The healing process will
> take
> > time.
> >
> > The Fed reserve in it's own peculiar way has increased the risk in
> > derivatives rather than decreased the risk. Without liquidity, these
> > markets will die a slow death. Good or bad????
> >
> >
> > Tom Stein
> > comfut@xxxxxxx
> >
> >
Mitch Ryder
Ynos@xxxxxxxxxxxx
____________________________________________________________________
More than just email--Get your FREE Netscape WebMail account today at http://home.netscape.com/netcenter/mail
Attachment Converted: "c:\eudora\attach\Image62.gif"
|