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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (56556)10/15/2002 5:10:57 PM
From: Paul Shread  Read Replies (3) of 209892
 
Here's some Briefing silliness for you:

17:07 ET Nasdaq history of 5% gains : Those making the bearish case have pointed out that during the Nasdaq's bull run from 1,200 to 5,000, there were only three days that saw gains of 5% or more in the composite index, while during the long bear market from 5,000 to 1,200, there have been 25 rallies of better than 5%. However, we would note that these rallies have become less frequent: 14 were in 2000, 7 in 2001, and today was just the 4th case of a 5% gain in 2002. Make of it what you will...
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