NASDAQ Composite Index (COMP): Notice out of the last 11 trading days,...

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Re: FinancialAdvisor post# 22316

Saturday, 03/22/2008 2:27:18 PM

Saturday, March 22, 2008 2:27:18 PM

Notice out of the last 11 trading days, only 3 times the market has made tails. Meaning, 8 times the market closed near the high or near the low.

Meaning, the market continued to go in one direction all day. I noticed that with most stocks. If their up 3%, they'll close up 5%. If they're down, they just keep closing down.

We rarely have that opposite move.(creating that tail)

QT
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