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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (49320)	8/7/2002 6:04:05 AM
From: Vitas	Read Replies (1) \| Respond to of 209892

Boo, the analysis was designed to identify intermediate moves in the market in a normal bull market it would be considered a BUY signal the primary low would be July 24, and the retest August 5 this is very similar to the low of March 22, 2001 and the retest on April 4, 2001 the biggest structural problem is the fact that the 1 percent udv oscillator cracked the -80 level on July 19 in data since 1942 this has only happened twice, in 1969, where the oscillator ultimately bottomed at -176.8 five months later, and in 1973, where the oscillator bottomed at -168 seventeen months later however, in those two situations the oscillator stopped at approx -100 temporarily, and we now stopped at -96.81 on July 24 I see enough power in the tick flow signal to get us to the upper bb by August expiration, as it did in April 2001 subject to change -g- for more see: Message 17769083