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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (450)	8/7/1999 1:14:00 PM
From: Jon K.	Read Replies (2) \| Respond to of 19219

JT, just take a look at these two thread: ": Waiting for the big Kahuna", and "MDA MARKET DIRECTION ANALYSIS" The sentiments are pretty negative. I am actually very impressed ..... that was a gutsy and courageous call for a CRASH next week, which I think is VERY difficult thing to time and call. I covered all my shorts last week and only have long positions now. But I would cheer for you next week. I would like to see your words come true. BTW, what is your definition of crash? Could you make it easy for a novice like me by quantifying in Dow & Naz points drop? (in one day or one week or until by September) "Black Monday" -- October 19, 1987 -- the Dow Jones Industrial Average plunged 508.32 points, losing 22.6% of its total value. "The crash of 1929" started with 12.9% loss in one day. So perhaps to call a one day crash, we should see at least 10 to 13% drop in Dow or Naz. (Which means, 1000 - 1400 points in Dow drop, and 260 - 330 points drop in Naz) jk