News Focus
News Focus
icon url

Train Guy

04/17/03 7:00 PM

#99081 RE: Zeev Hed #99072

Looking at the TICK today has me totally baffled. I don't think in the about 6 months I've been watching it have I seen it stay so positive all day. On a 5 min interval, there were only 3 all day long that managed to get under 0 and 2 more that just touched it. So only 5 out of 390 five min. periods today saw 0. How is that possible.

And we didn't even get that negative either with Lycos showing -283 being the low. Now Monday was another day the TICK stayed mostly positive, but on a 30 min interval, 6 out of 13 were under 0, where as today only 2 out of 13 were. Interesting, the low for the TICK on Monday looks like it was only -250. And looking at all the data I can get on the chart, the only days that the TICK wasn't lower than today or Monday this year was the first and third trading days in Jan. And the lycos chart only goes a little into Dec, and it had the two days with the least negative TICK on the chart. One day looks a few days before Christmas and one a few after.

And as far as TICKs over 1000+ being GPT days, lycos is showing 48 this year out of about 70 or so days so far. And it only shows 3 days where we had a -1000 TICK. And so far this year, there have only been 6 days that didn't have at least a -500 TICK. Don't know what it all means, but I'm just amazed that we only had 3 five min. periods today where the TICK got under 0. That to me seems to indicate a bullish extreme, and yet I would have expected the indexes to been higher at such an extreme.

Trying to read the tea leaves a little more, the TICK high of year was the first trading day of the year. And then it down trended until the 27th of Jan where we hit the low of the year. Don't really see any other patterns in it other than in April so far it looks to not be going as negative. I've got to go do some other stuff, but if anybody else wants to chime in on why the TICK almost was never even below zero today, go for it.
icon url

Rat

04/17/03 8:07 PM

#99086 RE: Zeev Hed #99072

http://stockcharts.com/gallery?QQQ

http://stockcharts.com/gallery?%24spx

did the SP close above the 200 day ma? no way!!!!!!!!!..way?.tr