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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (14310)	9/30/2000 2:07:33 PM
From: Cisco	Respond to of 19374

What happened in Oct. 1987? The stock market crashed in October 1987, and the number of new lows exploded, reaching nearly 1300. The stock market did a dead cat bounce and fell back to its lows. The newspapers were filled with alarmist articles. The thing everybody missed was that the New High-New Low line traced a bullish divergence on the dead cat bounce. When the market retested its low in December of that year the Hew High-Hew Low line traced even a stronger divergence and the recovery was on the way. stockcharts.com BTW, while everyone was buying on the dips in September 1987 the NH-NL gave repeated sell signals in advance of the historic crash.