Fenster schließen  |  Fenster drucken

"At the same time, Desmond acknowledges little urgency right now on the part of stock-market investors to dump shares wholesale. His most telling indicator is the 90-90 downside measure, which when set off points to investor panic."

"When trading activity in stocks on the New York Stock Exchange (NYA) and Nasdaq (COMP) surpasses 90 percent of down volume on a given day, and points lost on those stocks surpass 90 percent of the total, investors are truly dumping their stocks, Desmond says. A series of such fire sales is necessary before investors are comfortable enough with the bargain-basement level of the market to search once again for new stocks."

"Earlier this week, on Dec. 9, Nasdaq`s losses came close to a 90-90 day. Downside Nasdaq volume reached 93.7 percent, says Desmond, who reserves real-time analysis and figures for paying subscribers to Lowry`s Reports. Nasdaq`s points lost reached only 86.6 percent of the total. That day on the NYSE, downside volume was 85.6 percent of the total, and points lost 86.5 percent."

"Although the bias is for a breakout to the downside, there just isn`t enough tangible evidence, at this point, to justify decisive action for investors. This is a time for investors to be on high alert," he says.

"...sharply falling stock-market."

"In one of those scenarios, the overall stock market revisits its early October lows."

"carrying a defensive equity market message"


http://www.321gold.com/editorials/calandra/calandra121202.ht…
 
aus der Diskussion: Bullenfalle im Dow Jones und im Nasdaq!
Autor (Datum des Eintrages): peter.wedemeier1  (13.12.02 08:28:08)
Beitrag: 12 von 12 (ID:8085747)
Alle Angaben ohne Gewähr © wallstreetONLINE