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Here is one other view from the Trend Exhaustion index. Months back it was
posted that a lower high on the TEI Up would signal the top was in. It has
been dropping and the TEI Down is now rising. Both are an exponential
moving averages of new highs/advances and new lows/declining issues. A true
low in the market would have the ratios crossover with the red TEI rising
sharply as it did in the fall of 1999. Mathmatically what it means is the
breadth components pass through three zones overbought, indeterminate,
oversold. As of Thursday they look to be entering the midzone. Which means
we could have quite a bit more on the downside pricewise. Fiddling with the
XMA might improve the view a bit. Will work on that.
BobR
----- Original Message -----
From: "Harry & Maggie Feld" <ariel@xxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, October 13, 2000 3:39 AM
Subject: Re: [RT] MKT: Who sells
> Yes, I second Dan's reply. Ira is one of the pure gold nuggets on the r/t
list.
> Also
> Earl, Steve Poser, BobR, Ben, John L., Dennis, Gitanshu..... to name a
very
> few. ..............thanks to all you professional traders out there that
take
> the time and are willing to share some of your hard-earned wisdom. So....
can
> we keep this thread going? Anyone else out there willing to share some of
what
> they will be watching that might hint of a turn?...............Harry Feld
>
> Dan Harels wrote:
>
> > So.....I guess the answer to my question about whether mutual fund
managers
> > or the public "capitulates" is yes. Ira, glad to see you posting again
> > after a brief respite. I have missed your insights.
> >
> > Dan
> >
> > >From: Ira Tunik <ist@xxxxxx>
> > >Reply-To: realtraders@xxxxxxxxxxx
> > >To: realtraders@xxxxxxxxxxx
> > >Subject: Re: [RT] MKT: Who sells
> > >Date: Thu, 12 Oct 2000 19:25:48 -0700
> > >
> > >Today isn't the key day. Tomorrow is. The key is how much selling the
> > >funds will have to do because of redemptions and then their cash
> > >positions after the bulk of the panic is over. It hasn't come to the
> > >"We don't take any prisoners" state just yet. Ira
> > >
> > >John Rastutis wrote:
> > >
> > > > Gitanshu... Excellent example of what I suspect happens on most days
> > > > like this. I have looked for sources showing block trade volume on
the
> > > > web but have not found one. Where do you get this data, if I may
> > > > ask? Best, John
> > > >
> > > > ----- Original Message -----
> > > > From: Gitanshu Buch
> > > > To: realtraders@xxxxxxxxxxx
> > > > Sent: Thursday, October 12, 2000 1:15 PM
> > > > Subject: [RT] MKT: Who sells
> > > > There was some q'n re who pukes out positions on days like
> > > > today. I think today is a living example. At this time,HD
> > > > total volume = 58 million shares.HD block volume = 44
> > > > million shares.and stock is down 29%. WMT total volume = 17
> > > > million sharesWMT block volume = 12 million sharesand stock
> > > > is down 2.5%. By comparison:INTC total volume 82 million
> > > > sharesINTC block volume 18 million shares.And stock is up
> > > > 7%. MeantimeC total volume 22 millionC block volume 16
> > > > million and BKX is knifing thru its 200 day like there was
> > > > no butter in the way. Gitanshu
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
> > > >
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> >
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