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Strategies & Market Trends : Paint The Table
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To: AugustWest who wrote (1318)11/8/2001 12:17:04 AM
From: Doppler  Read Replies (1) of 23786
 
OK. Let me start over. I could not find a single case of any market rising 60% from a bottom without first having a retest (at least). There are only a few cases where there was a rally of even 30%. Those few were from very oversold readings which is why I said this one would be that strong, and why I put much of my cash back in the market the week after 9/11. Now we are extremely overbought and the odds of another 30% would be an unprecedented event (from my limited research). But you are right, the markets do surprise (at least some of you <lol>)
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