When You Should Decide to Turn Bullish

A gradual afternoon advance managed to offset early losses that resulted from a
decline in European bourses due to an excessive need for capital. But the
afternoon advance was held in check by weakness in the technology sector, which
was down 2%. However, even a mixed close was greeted with optimism by traders
who pointed out that the slight gain in the Dow industrials, following a huge
advance on Monday, puts the blue-chip index in positive territory for the week,
month and year. The technology sector dragged down the Nasdaq, but it was the
only sector in the S&P 500 to close at a loss. The Dow Jones Industrial Average
rose 4 points to 12,108, up 0.03%, the S&P 500 gained 2 points to close at
1,244, up 0.19%, and the Nasdaq fell 26 points to 2,578, off 0.99%. The NYSE
traded 823 million shares and the Nasdaq crossed 500 million. Advancers were
ahead of decliners on the Big Board by 1.6-to-1, and even on the Nasdaq.