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- Thread starter BSAM
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you said 69Some things I wrote in my diary earlier tonight - I didn't want to share it because it probably ain't worth a crap, but then, what on the internet is worth a crap?
I went back through my weekly market diary to the week ended 07/22/2011, the Dow was up 201 points, but the number of new lows on the NYSE and the Naz actually went up, from 74 to 110 on the NYSE and from 83 to 109 on the Naz. (I need to mention that I go through my stock market data base and throw out all of the closed end fund, preferred stocks, warrants and bonds for the purposes of calculating advances, declines, new highs and new lows). Anyway, after that, the market went from and uptrend to a maudlin downtrend for about 9 weeks.
Now, fast forward to last week, the week ended 10/05/2012. The Dow was up 173 but the new lows on the NYSE went up, from 22 the prior week to 33. Same with the Naz, from 63 to 87. And then this week the Dow was down 281 points. It portends a sluggish market ahead, if not an outright downtrend for a few weeks.
Maybe I shouldn't even keep this fucking diary.
I went back through my weekly market diary to the week ended 07/22/2011, the Dow was up 201 points, but the number of new lows on the NYSE and the Naz actually went up, from 74 to 110 on the NYSE and from 83 to 109 on the Naz. (I need to mention that I go through my stock market data base and throw out all of the closed end fund, preferred stocks, warrants and bonds for the purposes of calculating advances, declines, new highs and new lows). Anyway, after that, the market went from and uptrend to a maudlin downtrend for about 9 weeks.
Now, fast forward to last week, the week ended 10/05/2012. The Dow was up 173 but the new lows on the NYSE went up, from 22 the prior week to 33. Same with the Naz, from 63 to 87. And then this week the Dow was down 281 points. It portends a sluggish market ahead, if not an outright downtrend for a few weeks.
Maybe I shouldn't even keep this fucking diary.