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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: bobby beara who wrote (32857)10/13/2000 10:55:05 AM
From: Walt Deemer  Read Replies (1) of 42787
 
did we have a 90% downside day issues & volume?

The Lowry's service noted last night that "market declines of the size already seen usually do not end until investors panic, generating one or more 9 to 1 downside days [a day when both downside volume and the number of points lost are more than 9 times their upside counterparts]. Today's decline qualified as a 7.5 to 1 downside day (75%) – a relatively mild downside day by historical standards – suggesting that the decline has further to go."
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