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

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To: Peace who wrote (36897)12/1/2000 9:45:47 AM
From: Paul Shread  Read Replies (2) of 42787
 
We completed the second bear leg in percentage terms on the COMPX (5132-3026=41%, same as 4289-2523). I agree that the point move may ultimately be the bottom. That would give us just under 2200, which coincides with 78.6% of 1357-5132 (there is no meaningful Fib number here). BWDIK.

I think it's odd that the COMPX has cratered 50%, the S&P 15%, and the Dow 10%. May just be bringing everything back into alignment, but it wouldn't surprise me to see the whole market tank now that everything is on equal footing...
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