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To: Paul Shread who wrote (65851)2/10/2003 12:16:25 PM
From: ajtj99  Respond to of 209892
 
Well, I still think we need a close on the lows to cement a local low, but I could be wrong here. The support levels were not that impressive either. I'd like to see NDX 941 and COMP 1267 get hit. Maybe I'm a bit too greedy <G>



To: Paul Shread who wrote (65851)2/10/2003 5:01:38 PM
From: skinowski  Respond to of 209892
 
Did anyone link this? Smart old(er) guy contemplating the situation... What I don't understand is why he is publishing on the "Gold" site? Couldn't there be a conflict of interests?

So here's what I think we could see ahead. First, a break below the October lows. Then near-panic or outright panic as months of optimism turn to FEAR. The fear will be expressed by a series of 90% downside days as identified by the Lowry's studies. These 90% downside days are days when down-volume is 90% of up + down volume and down points is 90% of up + down points. Points are changes in the price of stocks. Each day Lowry's adds up all the accumulated points of stocks that were higher (NYSE), and all the accumulated points of stocks that were lower.

gold-eagle.com