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To: ajtj99 who wrote (86242)11/20/2003 9:16:45 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
AJ -- that scan doesn't say much to me. A few of the bottoms imply those 10 day figures COULD fall 50% further. Sure, it's comparable to the March low (though above on a lot of them) but not comparable to others. A statistical set of 4 will cause that problem, I guess. Anyway, if we bounce, the set becomes 5... if it's THE low of the rest of the year. (And hey, it could be)

I'm just curious, cuz there's many reasons not to be bearish here, but do you have a count on the S+P off the high? That's what gives me pause about a slightly lower low. Not that it says we crash -- that's the ultra bear count and a silly low odds play -- but if it's an ABC, then the low will be close to the prior low of 1018. if it's a three down here, lower. What's your count of the S+P?

the freep



To: ajtj99 who wrote (86242)11/20/2003 9:37:29 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
I feel like you're trying to convince me of something.-g/ng

I agree that Les' stuff argues for a bounce. Charts haven't come on board yet though.