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To: Les H who wrote (134596)11/15/2001 10:26:07 AM
From: Paul Shread  Respond to of 436258
 
>>Going back to 90, the times where the market made a single spike low and rallied hard, the retracements have to tended to be .62 or greater. <<

You'd probably find that's the rule if you went back a lot further than that. There was one spike low in the early 60s I know of, maybe one in the 1939 panic, and that's about it. Even 1932 retraced 50% of the initial gains off the bottom, I believe.

Also, internals haven't matched any major bottom of the last 35 years, per John Roque (70-90% up day + equally bullish A/D line).

Still curious to see what the Carolan/Puetz windows next month will bring...



To: Les H who wrote (134596)11/15/2001 10:32:34 AM
From: sun-tzu  Respond to of 436258
 
that works for me Les. we do have some tasty shorts out there. i would be pretty surprised if we dipped as low as .62

nothing's more surprising than what's going on though...LOL

added GLW and LJPC to my DIGL long...ggg



To: Les H who wrote (134596)11/15/2001 12:54:30 PM
From: Les H  Read Replies (2) | Respond to of 436258
 
OPEC threatening $ 10 oil to get others in line

foxnews.com

quote.bloomberg.com

US could also be using Russia also to get Saudis, others in line for having supported terrorists.

looks like a $ 30 billion in de facto default

abcnews.go.com