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


To: Paul Shread who wrote (39401)9/3/2002 4:07:15 PM
From: Jerry Olson  Read Replies (1) | Respond to of 52237
 
but Paul

the volume was anemic...



To: Paul Shread who wrote (39401)9/3/2002 4:28:16 PM
From: Terry Whitman  Read Replies (3) | Respond to of 52237
 
>The capitulation leg may have begun.<

Begun? I guess the past 6 months was just a warm up? <g>

I've got the TRIN5 at about 9.9 today. Very rare to see it this high. Only about 6 occurrences in the past 50 years..

Take that FWIW. It was also over 9 early last week.



To: Paul Shread who wrote (39401)9/4/2002 11:18:46 AM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
FYI, yesterday was a 'true' 90% downside day on the NYSE (down volume and points lost both were greater than 90%), but not on the Nasdaq, which had 88.5% points lost.

Lowry's has only been tracking the Nasdaq for 12 years, but during that time, major bottoms have tended to occur with both exchanges registering multiple 'true' 90% downside days.

Don't know what that means in terms of a new downtrend; time to wait and see if we get another 90% downside day soon, I guess. If you get two, you tend to have more coming.