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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (6755)	5/2/2001 1:37:18 PM
From: dawgfan2000	Read Replies (1) \| Respond to of 52237

Thanks Terry. I guess I still question the 52 week highs significance to the point of where technicians / the market draws the line and why. If old 52 week highs are dropping off the chart from say, 56 weeks ago, why isn't that high from 56 weeks ago still significant, if not more significant from the current "52 week high" that might have been set 40 weeks ago. The DOW is a good case in point. While the 11,700 is also the all time high, it served as a 52 week high until roughly 14 weeks ago. Those 300 or so points are a pretty good sized gap that could be considered a high from 66 weeks vs. 52 weeks. Is 52 weeks a market "pyschology factor" in this case. I'm not trying to question your answer TW, just thinking out loud and trying to learn more about the factors that might go into place with the "52 week high" threshold. We use it so much in our analysis, I am probing for some other parameters. Imagine LU trading sideways for another 50 weeks, and then when it hits 15, they cheer "a new 52 week high!" -gggg- Again, just attempting to understand more about that 52 week psychology. (Maybe its just as simple as why we choose .300 as a significant batting average instead of .310 or .290 -gg-) Thanks for your insights. :) If anyone has any links or resources on this, I would love to study them! P.S. No I am not a psych major, but investors/WS sure is an interesting case study!