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To: marginmike who wrote (47578)12/14/2000 11:25:57 AM
From: pater tenebrarum  Respond to of 436258
 
at long term bottoms, yes. but not at ST/IT bear bottoms that are subsequently broken again. 1930/31 stocks were MORE volatile than in '29 for instance. and again , once the bottom of July 32 was put in...volume btw. fell by 90% too, not just prices. by the time the bottom was in, stocks were so low priced that small nominal moves of 1/16 or 1/8 amounted to huge percentage moves.

in any case, there are no hard and fast rules...gold bottomed in a non-volatile manner in '99, but got very volatile on the first move up...oil otoh was very volatile during the late '98/ early '99 bottoming process.