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To: AllansAlias who wrote (32969)3/3/2002 11:55:38 PM
From: sun-tzu  Read Replies (1) | Respond to of 209892
 
If the January high gets taken out, we have something much more bullish on our hands.

anything's possible, and i'll reassess that when, and if, we get there.

more importantly, tomorrow is shaping up as friday's twin. what a laugher if the mythical march rally occurs in the span of two days...lol



To: AllansAlias who wrote (32969)3/4/2002 8:32:46 AM
From: John Madarasz  Respond to of 209892
 
I'd have to say most everyone seems to be looking up from here now... interesting change of events to say the least

Here's the latest from Newman for those who haven't seen it...

Bulls have been hanging onto all kinds of historical factors, including the seasonal tendency for stocks to gain ground during the months of November through April. We have discussed this phenomenon in detail on several occasions and months ago alluded to the conclusion that the current "favorable" period need not turn out well. The period has been down in two consecutive years only once, in 1973-1974, and bulls are arguing that one down period is sufficient. We demur.

Although down November-April periods only occur roughly one-quarter of the time, there were sixteen consecutive years of up performance. Given history, the odds of such a string is 73-1 (less than 1.4%). There is no reason why a repeat down performance cannot be in store again for the six months ending April 2002. Also, last year's "dip" was below average at minus 2.2%. The average for the 12 down periods has been minus 4.9%, which would imply Dow 8630


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