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To: AllansAlias who wrote (48737)8/2/2002 1:03:27 PM
From: Paul Shread  Respond to of 209892
 
That's nice, but it would be more reliable if it occurred with an equity PC ratio greater than 1.0. No real fear among the dumbest of the dumb money yet.



To: AllansAlias who wrote (48737)8/2/2002 1:04:21 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
Wiggles* This recent bear flag on the intra-day chart around COMP 1240 is really a battle. NDX 881 is being held up. I think it gives and we get a swift 10-point drop that may finish the drop for the day.

stockcharts.com[h,a]faclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

I still say SPX 853, NDX 870, and COMP 1230 will be the place where this reverses short term. It may only be good for 20-30 points, IMO. I think the real low is a double bottom on the COMP at 1192 and the SPX closer to 800. The Dow I have not clue.