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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (39401)9/4/2002 11:18:46 AM
From: Paul Shread  Read Replies (2) of 52237
 
FYI, yesterday was a 'true' 90% downside day on the NYSE (down volume and points lost both were greater than 90%), but not on the Nasdaq, which had 88.5% points lost.

Lowry's has only been tracking the Nasdaq for 12 years, but during that time, major bottoms have tended to occur with both exchanges registering multiple 'true' 90% downside days.

Don't know what that means in terms of a new downtrend; time to wait and see if we get another 90% downside day soon, I guess. If you get two, you tend to have more coming.
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