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Strategies & Market Trends : Galapagos Islands
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To: stomper who wrote (32181)3/12/2003 10:21:20 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
I am expecting a percentage correlation, not a point correlation. I expect our next meaningful bounce point to be the october low. That will be 20% off of the Dec 2nd high. You will notice that there was a corresponding bounce at 20% last June/July before the final selloff. That 20% level corresponded to the Sept 2001 low. This means that I am looking for a total 33% drop from the Dec 2nd high. That brings us to 640.

stockcharts.com[r,a]whclynay[de][pb50!b200!f][ila12,26,9!lb14!lh14,3!lp14,3,3!ll14][j10890435,y]&listNum=2
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