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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert Rose who wrote (31108)10/22/1999 7:17:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
Robt:

"When the inet ipo's were breaking the syndicate price, the dot was already 40% below its 4/99 high. I DON'T WANT TO GO THROUGH THAT AGAIN!"

I remember I was still realizing some substantial profits (% wise) as late as 7/20/99 when I sold. The bottom fell out very shortly after that if memory serves. The quality of the crap they were peddling continued to erode (if that is possible for there to be a lower low - hehe). It doesn't feel the same yet .



To: Robert Rose who wrote (31108)10/22/1999 7:21:00 PM
From: Benkea  Respond to of 99985
 
From the Crash site:

""What is the Pitbull Crash Index, (PCI)?"

The Pitbull Crash Index (PCI) is a warning indicator developed by Henry Ford in 1987 prior to the crash and is based on an algebraic summation of the number of NYSE new lows and whether or not the NYSE has been advancing or declining over the previous 5 days. This is a very effective monitor of market internals that can show situations setting up that should raise the investor's awareness and allow them to take some precautionary actions until the all-clear is sounded. It is published daily for subscribers and disseminated on a once a week basis to over 60,000 investors. It was back tested over 25 years of data, starting in 1960, and since 1980 has signalled 12 times and been WRONG 6 TIMES ....The last time it signalled right was July 24, 1998 and it was right. The previous signal to this one on March 1, 1999 was wrong."

6/12 = 50%

Anyone want to help me create a site that flips a coin every time someone visits, so we can sell ads and IPO it <g>?