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


To: Vitas who wrote (37614)7/2/2002 10:23:11 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
The bottom line, from Lowry's Reports: "Thus, the probabilities drawn from past experience suggested that
stock prices had not been discounted enough to attract a broad sustained buying interest. In short,
the final market bottom had not been seen in September 2001. And, the highly selective rally that
ensued from the September 2001 low through early January 2002 was, once again, not strong
enough to produce a 90% Upside Day, thus adding to the evidence that the final low for the Dow
Jones Industrial Average has not yet been reached, and that a period of investor panic, generating a
series of 90% Downside Days, may still be ahead."



To: Vitas who wrote (37614)7/3/2002 9:48:19 AM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Seriously, read the paper and study it. It makes a strong case that capitulation still lies ahead (just try to ignore that astonishing failure of the bottom indicator in January 1974 -g-).

Someone just reminded me of something I had forgotten about; 43 straight months and counting of TRIN 2.0 readings:

stockcharts.com[l,a]maclyyay[d19920103,20020703][pb50!b200!b20][vc60][iLl14!La12,26,9]&pref=G

Wonder what Dick Arms would call that? -g