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Care to speculate on why there is a difference between NYSE & NASDAQ? More
day traders on the NASDAQ?
Thanks for investigating my earlier question, Steve.
Dan
>From: "Steven W. Poser \(psn\)" <sposer@xxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxx>
>Subject: [RT] 90% Up Days
>Date: Sun, 7 Jan 2001 19:40:28 -0500
>
>I checked back with some colleagues, and while I am awaiting for final
>confirmation from Paul Desmond of Lowry's Reports, who did the research,
>other members of the MTA confirmed that:
>
>(1) 90% up days are of little significance unless they follow multiple 90%
>down days
>(2) The 90% factor is not only for volume, but also points (lost or
>gained),
>though volume more often than not suffices
>(3) Desmond feels that the NASDAQ probably needs to be something like 92%
>(more than 11:1) and that the studies were
> only for the NYSE. They are still working on parameters for NASDAQ.
>
>
>---
>Steven W. Poser, President
>Poser Global Market Strategies Inc.
>http://www.poserglobal.com
>swp@xxxxxxxxxxxxxxx
>Tel: 201-995-0845
>Fax: 201-995-0846
>
>
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