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To: xstuckey who wrote (81696)12/30/1999 1:30:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
X, one of the fastest has to be the Nikkei in 1990...it had a sharp initial decline right off the all-time high, followed by a little less than three weeks of bouncing around (producing a bear-flag) and the crash thereafter.
you are of course right that markets don't normally crash right from an all time high. however, if you look at the '87 crash, from the NAZ all time high (reached on October 5) it took only 2 weeks to the crash low (a decline of 50%) as the NAZ was the lone index to break out to new highs in October that year.
the INDU had peaked in late August however, and the Utilities average already in January, so it depended on which index you were watching. for the NAZ the crash was extremely swift.



To: xstuckey who wrote (81696)12/30/1999 1:45:00 PM
From: Ken98  Read Replies (1) | Respond to of 86076
 
X, take a look at a chart of MSFT or INTC for October 1987. They both were at all time highs in mid-October coming powerfully out of consolidation patterns in September and less than 15 trading days later were down over 50%.

Regards, Ken.


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