Tom, would you mind putting all of this in perspective for me?
Last Aug 5th, w/ the NYSEBP at 36.1, you said, "Over the past 20 years or so the NYSEBP has visited the 30% level (or close to it) every 4 years. The last visit to the 30% level came in Dec 1994 at 32%."
Then, on Oct.7, you said, "OK, NYSE reversed today at 24% as did many sectors. This is the second time in 18 years this has happened."
(I have to insert here that Jannie was pounding the table on Sept. 16, when the NYSE reversed up to 22%, with the low being 14.7% on Sept.1. Probably got better prices, too <VBG>)
If the NYSEBP has "statistically" hit 30% every 4 years, should we even be looking for it to go much lower than the current 41.7%?
On Sept. 15, as the HI-LO hit its bottom at 4.64, the NYSEBP was reversing up (from 14.7%, 17.2% and then to the 22% mark). And, I will add, that the HI-LO is now (or was last week) at 23.7%.
I realize that nothing is a given in this market, but just trying to find out how things have worked in the past.
Thanks in advance. Also, thanks for all of the new additions you are making to the DWA site. It is appreciated.
Challo |
