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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (10268)	10/7/2000 1:11:21 PM
From: Math Junkie	Respond to of 42834

Thanks for the chart. I saved it for future reference. It will be interesting to see if it has predictive value going forward. Note however, that in three out of four cases the index continued going down once the 52-week low line was reached. So it does not necessarily indicate the best time to buy, especially when you consider 1990. But still, it may be a helpful aid from the point of view of saying that one should wait at least until the line is reached. BTW, I am SO GLAD not to be holding semi-equip stocks this time. This is the first downturn since 1995 where I have not been holding through it.

To: TREND1 who wrote (10268)	10/7/2000 3:26:41 PM
From: Gary D	Read Replies (1) \| Respond to of 42834

Larry, thanks for the link to the Naz chart back to '85 with the 52-week-low-line. Interesting that the 'touches' you refer to really do look more like touches than penetrations. Also interesting that the 52-week-low-line is about to skyrocket, making a 'touch' in the near-term seem quite plausible. Gary