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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: elpolvo who wrote (6113)10/7/2000 11:23:53 PM
From: lurqer  Read Replies (2) | Respond to of 65232
 
Hi polvie,

Haven't had a chance to get over to your thread yet. My better half (the anthropologist) has been dragging me (not really) off to Indian powwows. I understand you've recently been interested in some market history. For a pictorial look consider (from L. Dudash)

geocities.com

Perhaps I'm being stupid (like that would be something new), but I'm not too concerned about this chart. Not only does it seem to have a interesting definition of bear, but 3 of the 4 indicated "bears" didn't just touch, but carried the 52 week low down with them. This seems to reduce the significance of the thesis to me. More importantly, if this bear correction still has another phase after the current dip (as I believe it will), then the 52wk low line will rise to meet the Naz line on the next dip. We'll see.

Now something to scare the pants off you is

Message 14533027

As you would say,

Yer Fren

lurqer