Lowry 90% down day update

For anyone who is interested, cbs has a related article on this topic today


http://cbs.marketwatch.com/news/story.asp?guid={4BE83CBE-4010-4EBC-94EE-E069EA11C1FF}&siteid=mktw

Runningbear

 

I wonder now that everyone is in search of 'the anatomy of a bottom' what will the new market bring? Maybe another roaring bull market back up to the 5000 level? No one would believe it, huh?

_____Pound

 

I calculated the Lowry %s for the SP500 and today it is as follows:

Points down: 96.49%
Volume Down: 89.72%

Lowry runs their calculations on the NYSE stocks.

I am having some trouble obtaining data on just NYSE stocks, so I am going to run a calculation on the Russell 3000 and will post later.

 

Russell 3000 excluding Worldcom's 800million:

89% down volume
94% down points

 

Thanks for this post. I've been wondering about this. Gabriel, can you tell me how you calculate the values? Also, I think a bottom must be confirmed by all the majors...

 

According to Prechter, a true bottom hasn't occured until noone wants to have anything to do with stocks (according to popular sentiment).

Of course, there can be bounces great and small absent the utterly dismal sentiment.

 

-------According to Prechter, a true bottom hasn't occured until noone wants to have anything to do with stocks (according to popular sentiment).

------i agree with this definition.
last two days of extreme selloff can be sign of MAYBE short term bottom, but i think, we did not see capitulation yet.
VIX too low and public still buying.....look at XLNX,CHKP))))))) up today))

 

A 90% down day does not mean the market is out of the woods.

http://www.lowrysreports.com/samples/90.pdf

Chas, I ran my own calculations with my database.

 

I wish I could remeber where I read this, but it goes something like (paraphrasing) "the market will do whatever it has to, to take the most money from the most people"