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

To: Vitas who wrote (27075)	1/6/2002 6:40:16 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

>>how about that spikey looking bottom in 1877?<< I'd need to see it on a daily or at least a weekly. That the NYSE?

To: Vitas who wrote (27075)	1/6/2002 4:20:25 PM
From: isopatch	Read Replies (1) \| Respond to of 52237

Vitas. Good historical comparisons between 1877 events, and Sept 11th impact >>> stock market patterns. IMO ties your chart in with the point made earlier by BirdDog that the rare V bottom is associated with major, very emotional, national catastrophes. From Morrison & Commanger, The Growth of the American Republic, Vol II, Oxford, 5th edition. pp 161-2 "The first great industrial conflict in our history came in 1877 when the four eastern trunk lines jauntily announced a wage cut of ten percent. Without adequate organization the railway employees struck and with the support of a huge army of unemployed, hungry and desperate, the strike flared up into something like rebellion........every large industrial center from the Atlantic to the Pacific was in turmoil. In Baltimore, Pittsburgh, Martinsburg, Chicago, Buffalo, San Francisco, and elsewhere there were pitched battles between militia and the mob, and order was restored only by federal troops. Pittsburg was terrorized for three days; fatalities ran into the scores and property damage was extimated at ten million dollars." Hence the disaster generated V bottom of 1877, really is an excellent comparison to the market reaction immediately after 9/11. Cheers, Isopatch