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Strategies & Market Trends : Tech Stock Options
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To: Stoctrash who wrote (49250)8/5/1998 10:59:00 AM
From: ViperChick Secret Agent 006.9   of 58727
 
uh oh

what are your parabolic numbers for today

8/05/98
Q: What happens when the S&P (futures or cash) corrects 10% or more
over a 12-day period and the index manages to remain above it's low over
the last year?

A: The next day the S&P and the Dow slide nearly 3%. It is interesting
to note that the crash in 1987 was actually PRECEDED by this very type
of 10% correction. Over the next three weeks, the Dow loses an additional
10% of its value, on average, in 8 of 10 occurrences.

Naturally, the noteable exception to this rule was the bounce that occurred
after the 500 point spike down last year in October.
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