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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: High-Tech East who wrote (12429)5/28/2002 10:35:14 AM
From: bobby beara  Read Replies (1) of 19219
 
The series of 90% down-days followed by a 90% up-day is taken by Lowry's as a signal of a completed washout, which often marks the start of a new bull market.<<<

Ken, i was at an MTA meeting in nov 98, lowry's gave a presentation, and called the bottom based on this indicator, i believe there was a 90% down day in april 98, and another one (or two) in sept 98, and then one 90% upside day in october, i'll have to dig out the pamphlet,

it's a compelling indicator, but not perfect like any indicator,

it's surprising we didn't have a 90% down day in sept 01.
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