I didn't realize that the spoo had a 90%+ up day on 10/11. What does Lowry's say about which market the stats are from? I believe they do their calcs on the NYSE, do you know if that's true? countin' on you, man!
Chas: Lowry's uses the entire NYSE. However, I think they will expand theirsample base because the NYSE is limited representation of the US equities Market. I use the SP-500 becuase it reflects significant institutional activity. 2118 posts? You da man.
All % are down NYSE: 87.5% volume 94% points SP-500: 91.8% volume 94% points Russell 3000: 89.6% volume 93% points Severe down day. Worst (or best down) Lowry's day since September 12. BUt does not qualify as a 90% down day for NYSE.
Russell 3000 95.7% points up 89.74% volume up SP-500: 97.5% points up 92% volume up NYSE: 94.9% points up 86.58% volume up Interesting, such strong numbers, so deep into a rally
Might be because of the holiday. Volume over all was less than yesterday's. Monday will be interesting. --Db
dgabriel, thanks for keeping us up to date with Lowry's data. I had forgotten about it! yes, that is interesting. We are well into a rally and there are beginning to appear some signs that it is long in the tooth.
NYSE Composite Points down: 93.97% Volume down: 94.88% SP500 Points down: 99.4% Volume down: 94% A true 90% down day. The first 90% down day since September. Those familiar with the research behind these numbers know this suggests more intense selling to come, but is by no means a gaurantee of continued selling dominance.
NYSE: Points up: 91.7% Volume: 81.7% S&P500: Points up 95% Volume Up 87% Close, but no cigar. If tomorrow is an 80+% day, the back to back would indicate some staying power. A reversal coming on the heels of only one 90% down day has been ill-fated in the past, that is they were always bear rallies, not the end of the bear.