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Kent-
I think this idea has been hashed to death and the results; from a short
term
timing basis at least; have been unproductive. Maybe the quants can weigh
in on this issue; since I have nothing statistical on which to base my
conclusions. Only observations and readings. This theory can go a long
time before the market eventually turns in the purported direction
predicted.
chas
----- Original Message -----
From: Kent Rollins <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 01, 2002 9:55 PM
Subject: Re: [RT] Not A Pretty Day
> Here's another little indicator that is interesting to watch: today was
> first day in I think 8 where the last hour was down, not up. If BobR or
> Clyde want to code this up, create an indicator that simply consists of
> summing the move over the last hour of trading each day. Plot that over
the
> index you're measuring. The idea is that retail buys at the open, pros
buy
> towards the close.
>
> Kent
>
>
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <MedianLine@xxxxxxxxxxxxxxx>
> Sent: Thursday, August 01, 2002 9:49 PM
> Subject: [RT] Not A Pretty Day
>
>
>
> 1. NYSE Advancing issues 1232 and Declining issues 1989
>
> 2. Nas Advancing issues 1150 and Declining issue 2241
>
> 3. Momentum -1.08 vs -0.64 prior day
>
> 4. All of days 60 min bars below moving average volume line.
>
> 5. Talking Head guest talking about high S%&P PE's relative to
> value.Something new right?
>
> 6. Negative economic news.
>
> I think I covered my short too soon. But worse days have seen turn
> arounds for what appeared to be no good reason.
>
> I thought today would be a 50/50 shot as an up day. Tomorrow I would
> not give odds but call them as I see them.
>
> Any other ideas?
>
> John
>
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