Advance Decline & Down to UP volume was WORSE than the % losses.
.............NYSE......................................Nasdaq
Down Volume... 1427 million.............................968 million
UP volume........322million..............................166 million
Ratio 4.43 to 1 down lead......................5.83 to 1 down lead
Decliners..........2682..........................................2257
Advancers........611..............................................728
Ratio 4.39 to 1 decline lead................3.10 to 1 decline lead
The above RATIO is giving a much CLEARER picture of today's BAD TAPE.
It is ALWAYS good to get nervous SELLERS out of the way to get CAPITULATION.
The TAPE was pretty UGLY till 3.45PM.
Cramer is pushing GOOG in mad money...which may kick start nasdaq on friday...I hope !!!!
Good luck to all for friday.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
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