Replies to post #249759 on Zeev's Turnips Patch-No Politics (ZEEV)

[zerofinance]

Zeev, strange how volume numbers are different? Yahoo finance says this:


"About 1.76 billion shares were traded on Nasdaq, above last year's 1.69 billion daily average."


http://biz.yahoo.com/rb/040525/markets_stocks_13.html

From Schwab:
Nasdaq Volume: 1.75 bln...Adv: 2248...Dec: 917

zerofinance

[plexxus]

Zeev try this link....

http://www.marketvolume.com/content/products/mktsum/mktsum_adv_dcln.asp

[langostino]

"Hidden" strength

The most impressive thing about today's action was the fact it came on a day when the market was asked to absorb the mammoth Genworth IPO -- all $2.8+ billion of it.

Consider the last time GE dumped a new issue on the market (CIT) and how the market choked and gagged on that supply for a solid week, and spilled red ink everywhere. Or the concrete block around the ankles reaction to the SEMI IPO in March.

For the market to have swallowed that huge pig of an IPO today and still have enough demand to overwhelm supply suggests more strength than the standard metrics can tell you.

Now in the next 72 hours we find out whether the slower moving mutual funds, which have been stacking up cash in a big way for the past 2 months, are interested in stepping up and putting some of that to work.