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Strategies & Market Trends : Ask DrBob
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To: shoreco who wrote (59291)5/10/2002 7:53:05 AM
From: Louis V. Lambrecht  Read Replies (2) of 100058
 
shorteco - I cured my paranoia about 911. Take a closer look to the indexes, you will notice that the move started very early in August.
Sep lows also were close to target: Dow 250 pts lower, Compx 100 pts lower, Russel1000 30 pts higher. On target of a H&S neckline going back to 1998.
Only the Dow has a right shoulder higher than the one of broader indexes.
So, patriotic buying did work (prices did not tank in a panic below the neckline) as did the closing of the markets.
JMHO, FWIW.
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