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To: John Madarasz who wrote (52346)9/3/2002 2:07:47 PM
From: The Freep  Respond to of 209892
 
About those banks. . . interesting how they've been flirting with that old downtrend line/breakout spot all day long. The weakness continues there, it's gonna be tough sledding for non-tech, even if the TRAN likes Consolidated going out of business.

Volume today is heavier. . .but not heavy. VIX still maintaining an up 15%+ day. BRCD broke a double bottom, SOX flirting with the yearly low, INTC battling 16, and even the bios selling off hard. Ya. . . great to see the holiday weekend past.

the freep



To: John Madarasz who wrote (52346)9/3/2002 2:37:30 PM
From: Clappy  Read Replies (2) | Respond to of 209892
 
A different type of chart for you 'cuz I know you like statistical stuff like this.

chartoftheday.com

Most S&P500 corrections have lasted less than 600 trading days and have resulted in a drop of less than 50%.

We are very close to breaking that boundary.

If the latest lows that were put in on July 23rd were to be taken out, this could easily become the most severe decline in the S&P 500 since the Great Depression.