John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (8801)	1/24/2008 4:45:00 PM
From: Terry Whitman	of 33421

Ever get a feeling of Deja Vu? I thought I'd seen this sell off before. So I checked back to the beginning of the last bear market, and voila. There it is- Just a few weeks after the 'golden cross' of the 50 day moving avg. below the 200 day in December 2000. There was a 10% SPX drop in about 7-8 days, followed immediately by a sharp rebound of about 7.5%. Amazingly enough, the recent drop lasted 7-8 days, and lost right at 11% on the SPX. Check it out on stockcharts.com. Set dates to 9/00 thru 3/01 and compare it to a chart of the past 6 months. The market never quite recovered the level from which the 10% drop occurred. Probably would be a good rule of thumb here. That level would be... Drum roll please.. 1430 SPX Cheers, TW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next