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The non-extrappolated numbers showed it was a close call. There were
no excuses made that I could uncover.
And Yes, the jury is out on tomorrow just as it is every day. No one
ever argued that point.
My personal read is that an over 3% move up in the Dow is significant
and is approaching some hallowed TA markers. I could be wrong and
certainly will adjust my moves based upon market action.
John
------------------ Reply Separator --------------------
Originally From: "Earl Adamy" <eadamy@xxxxxxxxxx>
Subject: Re: [RT] NYSE and Nas Volume for 7/5/02
Date: 07/07/2002 01:12pm
Extrapolation and excuses do not cut it for me. Each day, investment
managers have stocks to sell and stocks to buy and that work must be
completed in the time allotted for trading, no matter how long or
short the
trading day. The up/down volume ratios over the past few days flipped
from
extremely bearish to extremely bullish ... one could make the excuse
that
this was attributable to WCOME ... so what. Friday's volume,
especially for
the NYSE was light. In my book, the jury will remain out until I see
how the
market behaves under normal or higher volume.
Earl
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <MedianLine@xxxxxxxxxxxxxxx>
Sent: Sunday, July 07, 2002 9:59 AM
Subject: [RT] NYSE and Nas Volume for 7/5/02
> So the statement that the rally was on light volume needs to be
> placed in its proper perspective. In reality the volume may have
been
> typical for the time frame in 2002.
>
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