Yahoo Finance: Market Poised for Bounce

(Ed.note: The Observer covers the numbers of Wall Street, but in no way offers advice of any kind.)


Advances & Declines
NYSE NASDAQ Advances 1,812 (53%) 1,783 (57%)
Declines 1,499 (44%) 1,213 (39%)
Unchanged 109 (3%) 112 (4%)
Up Vol* 1,995 (58%) 1,201 (71%)
Down Vol* 1,406 (41%) 482 (28%)
Unch. Vol* 35 (1%) 14 (1%)
New Hi's 35 62
New Lo's 215 224
*in millions
more...


There are three essential graphs in the "Tale of the Tape" that is Wall Street: The Advance/Decline, the Up/Down Volume, and the Hi/Low.

The above numbers from yesterdays action, show two are now positive. Conservative investors like to wait till all three are positive---however, more aggressive investors, and ones that never heard of the saying about the graphs, might jump right here----and it looks from the 6am Futures that the market will bounce up on the opening. Whether that bounce will hold is another matter. In fact, it might be another wild day on Wall Street. Let's just wait and see.

Click on the post for all the numbers of the Futures in Yahoo Finance.