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To: Paul Shread who wrote (62673)1/3/2003 11:57:03 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
Thanks Paul, did you happen to notice the volume for those days?



To: Paul Shread who wrote (62673)1/3/2003 3:46:57 PM
From: Paul Shread  Read Replies (2) | Respond to of 209892
 
My final observation on the 90% upside issue:

On four of the 12 occasions, a major rally followed (1970, 1982, 1984 and 1991). In 1970 and 1982 the rally started right away; the 1984 and 1991 rallies took a while to get going, but lasted for years. 1970, 1982 and 1991 had already been confirmed bottoms with multiple 90% downside days.

The other 8 occasions were tops or saw gains of only another 3-7%.


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