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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 (36153)5/15/2002 10:28:46 AM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
LOL - I did that chart. From IBD today:

"The tech-heavy index looks a lot like the Dow industrials in 1932-33. Both indexes fell into a prolonged bear market after a bubble-bursting rally.

"The Dow hit bottom in July 1932, doubled in two months and then corrected for the next six but didn't undercut its prior low. The Dow followed through (yes, the market worked the same back then) on the sixth day of its new rally and never looked back."

Pure luck - my only two tech longs here are ORCL and CSC (does SBC count? -g-).



To: Terry Whitman who wrote (36153)5/16/2002 3:57:35 PM
From: isopatch  Respond to of 52237
 
Terry. That's interesting.

Had not noticed that. This market is sure showing the typical cross currents associated with expirations.

One significant difference is this one seems to have more overall upside action in most indices than what we've been accustomed to seeing ytd.

Iso


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