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Folks, I am no expert on this, but Paul Desmond who publishes Lowry's
Reports has written on the 9:1 down days many times in the past. Last time I
saw him mention it, 9:1 down days are not uncommon in a bear market, so
there is no reason to expect a reversal off a 9:1 down day if you believe
that this is a bear market.
An additional thought that I have considered also and he has recently
mentioned as well:
(1) All the past research on 9:1 days has been on the NYSE.
(2) There is no research on the NASDAQ.
My contention would be that there are lots of 9:1 down days in specific
sectors. The NASDAQ is very heavily overweight in one sector: Technology.
The criteria then might need to be somewhat greater than 9:1 for the NASDAQ.
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: Dom Perrino [mailto:domenick@xxxxxxxxxxxx]
Sent: Friday, November 24, 2000 7:59 PM
To: realtraders@xxxxxxxxxxx
Subject: Re: [RT] Market - OEX
The OEX is simply an index of 100 stocks.It is also refered to as the S&P
100 . The S&P 500 also referred to as the SPX consists of 500 stocks. Hope
this helps.
Dom
----- Original Message -----
From: "Ashok Garg" <agarg@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, November 24, 2000 7:22 PM
Subject: Re: [RT] Market - OEX
> Hello,
> I silly question, I have not seen or heard this symbol OEX. I tried to
> search the WEB as well. Can someone please explain, It is being talked on
> this list a lot now
>
> Cheers
> Ashok>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
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