http://cbs.marketwatch.com/news/story.asp?column=Thom+Calandra's+StockWatch&siteid=mktw "Although the July decline did not contain any 90 percent downside days, it did push stocks down to the most deeply oversold conditions seen since September '01 or beyond," Desmond said Monday morning. "As a result, we were prepared for a snap-back rally lasting at least several weeks. But then a 90 percent upside day was registered on July 29." That rally, in which the Dow rose 447 points and the NYSE Composite Index (NYA: news, chart, profile) gained 5.1 percent, featured more than 90 percent of all NYSE trading activity as positive. The one-day rally also put more than 90 percent of all price activity in the plus column. Such positive days usually indicate tremendous demand for stocks by investors. Not this time, Desmond says. Desmond, president of Lowry's Reports, says bear-market bottoms almost always are accompanied first by frantic selling, the kind that puts 90 percent or more of all NYSE volume and points gained/lost in the red. Periods of frantic buying - the kind seen by bargain-craving investors -- must follow the devastation before stocks can truly be declared a winning proposition for new investors. Today's Data Volume is cooperating: 89% for NYSE 90% for Nasdaq dgabriel, how do you calculate the up/down points? Thanks.
So far we have a tremendous rally with up volume 92% on NYSE (compared to almost the inverse yesterday!). I wonder if it can hold for the rest of the day. Breathtaking volatility with trending markets these past few days.
ok I guess I'm talking to myself (nothing new there ) NYSE up volume 82% Nasdaq up volume 89% Anyone with info on points up/down? Thanks.
The points and volume are calculated the same: Points (or volume) up + points (or volume) down = total up/total = % up. down/total = % down Ignore issues that were unchanged for the day in price. This is Lowrys formula. Points down should be treated as an absolute value, no minus sign in the equation.