Lowry 90% down day update

dgabriel · Jul 8, 2002

Russell 3000 July 8

82% down volume
80% down points

chasinfla · Jul 11, 2002

Do you have the latest stats for us?

gnome · Jul 11, 2002

Originally posted by dgabriel
Russell 3000 July 8

82% down volume
80% down points

Having read a Lowry story on this some time ago... I recall they reference each stock's daily change, multiply that by the number of shares traded, then add them all up for NYSE stocks, ALL stocks? Is this the % numbers you're indicating here? Are you getting this info from somewhere or doing all the legwork yourself?
Tks.

dgabriel · Jul 11, 2002

Russell 3000

82% down volume (including worldcom)
92.6% down points

SP-500

85.7% down volume
98.7% down points

It is a simple formula. Volume up or volume down/(volume up + volume down). Same for points. Ignore issues unchanged for the day. I do it myself.

chasinfla · Jul 11, 2002

Thank you Gabe. So near, yet so far....

Babak · Jul 12, 2002

Anyone do the numbers recently? Thanks. (sorry I'm a lazy bum)

dgabriel · Jul 12, 2002

July 11:

SP500
53.60% up points
71.77% up volume

Russell 3000 (including worldcom)

38% up points
61.9% up volume

Babak · Jul 12, 2002

dgabriel, why do you cal data for SP500? isn't the study based on NYSE data?

dgabriel · Jul 12, 2002

Yes Lowry's does the NYSE, and my eod database does not have that collection so I do the Russell 3000 to get an equivalent broad based sample. But since the SP-500 is also such widely followed index to which so much investment capital is devoted, I am extending the Lowry study to this index to see if it also can provide warnings.

I corresponded with Paul Desmond on this idea and he thought it was very good.

dgabriel · Jul 19, 2002

No 90% today, I think. I'll run the numbers later and post them, but the blip up into the close I beleive put the volume% at about 85% down. It was close to 90% down volume at 3:45- 3:50

The SP-500 probably had a complete 90% down day.