worrying wednesday, page-121

Not looking good according to R Russell. I think he means to say in his last sentence: "up volume was a dismal 21.6% of up + down volume".

Today, just a normal and expected bounce after a 90% down day. Following a 90% down-day, there is usually a 2 to 7 day "dead cat bounce." Today's market internal action was rotten. Despite a 141 surge in the Dow, breadth was down and there were a huge 1165 new lows on the NYSE. Down volume was a dismal 79.4% of up + down volume, in all a poor picture of market internals.