Hi Jan --
I guess I'm just looking for a specific quantification of the risk
represented by the reversal based on the history of past reversals.
This can only be done by knowing specific reversal dates in the
past and then checking to see what the market (as measured by
various indices (Dow 30, Dow 500, Nasdaq compsite, etc., etc.,)
actually did. Unfortunately, however, it appears that these specific
reversal dates are unavailable.
In the absence that info, I was just trying to get you to say
something a little more general in nature such as
Superdow, in the past when the nyse bull exchange has reversed from above 70 to below 70 the market has more often than not corrected by 10 percent or more from the level at which it was at at the time of the reversal....
To me, general advice to be on guard, the market is at a high
risk level etc., is not particurly useful, when the bottom could drop
out in a single day. Stop losses would not necessarily be filled
where you had hoped. I either want to be in the market or out of the market. -- Ray.
P.S> Looking forward to Toms new book.
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