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Sam "Raven"

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Sam "Raven"

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Thursday, 01/02/2003 11:10:24 PM

Thursday, January 02, 2003 11:10:24 PM

Post# of 928
The Screened Stock Ratio started the new year by giving us a positive market signal. The ratio rose to +0.58 favoring buying. More importantly, the 7-day crossed the 15-day which means momentum has changed.

There was much market commentary that said the market volume wasn't good enough to give a bullish signal. But, in the SSRatio, the volume in the up moving stocks was enough to overpower the volume in the down trending stocks, which could be more important than the total market volume, we'll see in coming days. The chart below shows yesterday's NYSE Composite and the effect on the two SSRatios. (see http://www.savvy-trader.com)

Sam

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