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

To: Terry Whitman who wrote (39142)8/21/2002 1:27:33 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
On the S&P, yes, but not on the Dow (-34% at the lows, I think, whereas I think it lost 45-48% in 1974). And 1937-1942 was a grizzly one, a 50-60% decline.



To: Terry Whitman who wrote (39142)8/21/2002 1:53:34 PM
From: Vitas  Respond to of 52237
 
breaking the -80 breakpoint led to -160's in the oscillator

you could try to argue that -100 is the level that it could bottom at - nice round number, etc.

but I see no reason to give this market any benefit of the doubt - it has shown nothing, has broken every rule in the book as it grinds its way down

the presumption of further decline is there and I'm taking it


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