Lowry 90% down day update

Originally posted by chasinfla
looking at the dow chart though, one can't help but feel that we're beginning to get somewhere.
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Chas, yeah like the core of the earth. Everything is lineing up perfectly for a rally, except SUPPORT.
 
July 22

Russell 3000:

86.7% points down
70% volume down

SP-500

93% points down
86.7% volume down

SP-500 has had many terrible days of 80% + and a few 90% + over the last month or so.

Russelll 3000 has not had one true 90% day except July 5, a shortened day, and almost had a 90% up day before then, July 2 or 3rd.
 
Man...seems like we're getting further and further away. Of course, we don't really need a bottom right now. A bounce will do.

One of Trim-Tabs' indicators (L1, measures the availability of stock to buy) has turned hugely bullish as of Friday last. But it's not a complete signal. Also, the same people reason that mf outflows are a contrary (lagging) indicator.



Just noticed Dow futures on Globex down 102...

wait! now it's only down 38, and the NAZ went green! Oh well. g'nite.
 
Russell 3000:

Points up 97.7%
Volume up 91.6%

This is a rarity, a 90% up day. This coming on the heels of several 80% down days. I bet Lowrys will report a 90% day for the NYSE.

I'll do the SP later,but I suspect the figures will be even higher.
 
NYSE was 92% up (volume)

UpVol: 161837395
DnVol: 14195420

It was a tremendous day. I'm a little worried as there is way too much talk of 'a bottom'. Now where is Lundy? or for that matter his detractors?
 
Lundy is an example of Hubris.

He hit the September bottom and felt his call last month was aforegone conclusion. He made no provision for confimation and was justly ridiculed.
 
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