for a pattern review...
whip it good.......
(who can forget that video by Devo...those hats stick out in my mind..the whips pale in comparison ;-)
9.01.98
Q: What happens when the one-month move of the Dow
crosses below 9% during August?
A: This query hit on Thursday. 2 days later we are over
2% lower, on average. Obviously, the boys outdid
themselves on Monday (-6%). However, from the bottom
of the two-day decline, some really interesting price action
unfolds. Techies might recognize it as a classic zig-zag
pattern.
After the two-day decline, the Dow rallies an average of
over 6.5% during the next 4 weeks in 8 of 11 occurrences.
Following the four week recovery, it appears the Dow
heads right back to the lows by declining almost 8% in 10 of
11 occurrences.
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A quote from the famous Watergate Scandal of the 70's:
"Yes, the President should resign. He has lied to the American
people, time and time again, and betrayed their trust. He is
no longer an effective leader. Since he has admitted his guilt,
there is no reason to put the American people through an
impeachment. He will serve absolutely no purpose in finishing
out his term; the only possible solution is for the President to
save some dignity and resign."
William Jefferson Clinton, 1974
"Public media should not contain explicit or implied descriptions
of sex acts. Our society should be purged of the perverts who
provide the media with pornographic material while pretending
it has some redeeming social value under the public's 'right to
know'."
Kenneth Starr, 1987
Sixty Minutes Interview with Diane Sawyer |
