SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (29911)9/15/2000 4:38:46 PM
From: adcpres  Read Replies (3) | Respond to of 42787
 
OK Paul: THE SIGN OF THE BEAR

Having read post #29734 by JuliusM, we have now completed step TWO of the three steps to the THE SIGN OF THE BEAR. It is only a matter of days now for step three to be completed or fail if I read the posting correctly.

STEP 1: The NYSE must CHURN for 21-27 consecutive days. Churning is defined as the trading day must close with the ADV/DEC between .65 and 1.95 This has occurred as of yesterday being day 22.

STEP 2: The churning must end by no later then the 27th day with a single day closing with ADV/DEC < .65
Today the NYSE closed with ADV/DEC at .627 -- decidedly below .65 We needed to have this down day by Sept. 21 and it occurred today.

STEP 3: The next 2 to 3 days need to have an AVERAGE close of ADV/DEC < .75 after the down day --- today. This is needed for confirmation.

If Monday-Wednesday has an average ADV/DEC < .75, then the SIGN OF THE BEAR is complete which marks the start of a BEAR MARKET 1 to 5 weeks away.

It will be interesting to see. Anyone want to take any bets??? I suggest you read the post to see if I got it correct. JuliusM might be able to comment here.

Comments anyone???? Have a good weekend and Sleep Tight. --- GH

p.s. maybe keep one eye open