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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (83454)	6/22/2002 2:11:01 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

One thing I think we need to be watchful of is that in a crash or major low, we go down as one big happy family. I believe we need to be watchful of the NYA and Dow and see if this market will make the coming low ONLY when they join in and breach the Sept. lows. The NYA hit 494 on Sept. 21. It's at 534.35 now. It was as high as 544 on Sept. 18. Thats 494 is well within reach. The Dow was at 9126 on Sept. 18 and dropped to 7926.90 by Sept. 21. That only took 4-days. The Nasdaq was as high as 1629 on Sept. 18 and dropped to 1387 by the 21st. In other words, the Dow dropped from 9126 to 7926 in 4-days back then. Don't think it can't happen again.