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It actually happens more often than you would think. Using NDX as a proxy
for COMPQ I did a quick scan for all occurrences of DOW and SPX both up with
NDX down. It's happened twice so far this year: Jan 3rd and 7th. In
December it happened on the 2nd and 12th. Going back to 10/1/85 it has
happened 387 times including today.
I haven't done an overlay of the dates vs prices so I don't know if it will
show anything interesting to the eyeballs. My hunch is that it will be
inconclusive (i.e. I wouldn't expect to see much predictive value).
Certainly from a stat arb perspective it has zero significance.
Let me know if you need the XL file with the scan results.
Hope this helps.
Essan.
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, February 06, 2003 6:31 PM
Subject: [RT] divergence
> Dow Jones -55.88 7929.30
> NASDAQ +0.23 1301.73
> S&P500 -5.44 838.15
>
>
> NASDAQ up with DJIA and S&P500 down? When is the last time that happened?
>
> Kent
>
>
>
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