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

To: James Strauss who wrote (46671)4/16/2000 3:24:00 PM
From: Michael Watkins  Read Replies (2) | Respond to of 99985
 
Jim,

I will not be surprised if there is more time to consider things than just a day or two.

INDU - intelligentspeculator.com

If this is a replay of an 87 style crash, then some grinding is to be expected. On a weekly chart there was a fairly obvious buy spot however (INDU) some 7 weeks after the initial crash.

COMPX - intelligentspeculator.com

The COMPX provided the safest entry some 8 weeks after the initial crash.

Moral of the story, for many investors, don't be too quick to rush in. Expanding time frames to look at a weekly chart might be a good move.

Michael



To: James Strauss who wrote (46671)4/16/2000 3:31:00 PM
From: LTK007  Read Replies (1) | Respond to of 99985
 
i gather regards a sharp rally on tuesday 10/20/87 we are Not refering to NASD--as there was not a sharp rally in NASD on that Tuesday.it opened down that tuesday and got worse through the day.max


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