Do days like this happen very often?

Discussion in 'Trading' started by Cruzan, Aug 6, 2007.

  1. Cruzan


    DJIA 13,468.78 +286.87 +2.18%
    Nasdaq 2,547.33 +36.08 +1.44%
    S&P 500 1,467.67 +34.61 +2.42%

    Issues: NYSE Nasdaq
    Advancing 1,714 1,439
    Declining 1,624 1,631

    52-Week High 30 25
    52-Week Low 235 253

    Significant gains on the Dow and S&P, yet advancers and decliners virtually split and more than 8 times as many 52-week lows as highs. This (index) advance seems so narrow as to be just weird. This is completely different than Friday's 281 point Dow loss where decliners vastly outnumbered advancers as did 52-week lows to highs. I guess tomorrow either the index stocks will have to catch up with the rest of the market or vice-versa.
  2. agreed. just weird and stinks of fund manipulation. (btw, I'm long and strong today as a disclaimer.. didn't miss out)
  3. S2007S


    The only reason for this rally today is because of a surprise rate cut that is not going to happen. Cnbc has been hyping up the possibility of a rate cut since Friday morning, its the only thing this market has left going for it.
  4. Neodude


    Perhaps it's a fools rally? I'm not a forecaster, but I expect the Fed to leave interest rates alone and then the trend to continue downward, there are too many people hoping for a rate cute (ie people like Cramer).

  5. Many of the rallies the last few weeks have been days where the decliners exceeded the advancers.
  6. S2007S


    funny how all the articles I read on this market say its "oversold", we dip 5% and its oversold, we rise 100%+ in 4 years and its not overbought...........Waiting ever so patiently for the dip below 13k.
  7. going to be a lot of disappointed people tomorrow, i guess those that still believe in santa, buying this market up for no good reason to these extremes.. a fed cut, not anytime soon, imo.. great ranges to trade, all for that in any event..
  8. You mean after the dow topped out at 14,000? Or Before?
  9. S2007S


    cramer is begging for one...why I have no clue. If they cut to 5% expect a quick rally to the upside, where it takes this economy and the dollar is a whole other story. Inflation is still a big problem, a cut will only bring on more problems down the road.
  10. I started noticing after...but I wan't paying attention to it before....
    #10     Aug 6, 2007