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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: jjstingray who wrote (34098)4/11/2002 2:36:45 PM
From: Terry Whitman  Read Replies (3) of 52237
 
From past market observation and study- When the generals are falling hard, the market is either heading into a crash, or nearing the end of a correction. The generals (GE, IBM, etc.) are most normally the last to fall.

Crash is not likely here. I've never heard of a crash coming the day after the A/D line broke out to a recovery high. Crashes occur after long divergences between the A/D and the market. See 1987, 1929.

But I thought SBC was catching support yesterday too, and it hit a new low today, so WTHDIK. :-O
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