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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (12429)	5/28/2002 10:06:06 AM
From: dvdw©	Read Replies (1) \| Respond to of 19219

HTE I know you didnt ask me but IMO what you've done by posting Hussmans Contrary Investor advice in sequence with two posts JT's and HC's is convince me that hussman must be tasked with some aspects of building the wall of worry. We know he's not the architect, so he must be just another sub contractor. Cheers

To: High-Tech East who wrote (12429)	5/28/2002 10:35:14 AM
From: bobby beara	Read Replies (1) \| Respond to of 19219

The series of 90% down-days followed by a 90% up-day is taken by Lowry's as a signal of a completed washout, which often marks the start of a new bull market.<<< Ken, i was at an MTA meeting in nov 98, lowry's gave a presentation, and called the bottom based on this indicator, i believe there was a 90% down day in april 98, and another one (or two) in sept 98, and then one 90% upside day in october, i'll have to dig out the pamphlet, it's a compelling indicator, but not perfect like any indicator, it's surprising we didn't have a 90% down day in sept 01.

To: High-Tech East who wrote (12429)	5/28/2002 1:10:20 PM
From: High Country Trader	Respond to of 19219

>>HCT ... what do you think of what John Hussman has to say?<<... Ken, in bear markets the arguments of the bears seem just as compelling as do the arguments of the bulls in bull markets. Regardless of the reasons and the whys offered by the gurus, the plain fact (as evidenced by price action) is this is a Nasdaq bear market. At some point it will end when the ingrained bullishness that's the residue of the the 90s bubble is finally wiped away by real fear, panic, and loathing of stocks. My worry is this could be a long process of many, many months or longer. An even bigger worry is this bottoming process could be marked not by one terrorist type event but a series of such events.