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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (76076)	7/21/2007 8:39:52 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Yeah, well we know theories are just that!

To: Real Man who wrote (76076)	7/21/2007 10:28:19 PM
From: saveslivesbyday	Respond to of 94695

There may be something to the "2% rule" you refer to I looked at the difference between prior days' closing and intraday low for DOW past year, 4 years, and 7 years. In the past 1 year, this difference has only been: >2% 6 times, and >2.3% only 1 time. In the past 4 years (July 2003-July 2007), the difference has been: >2% 52 times, and >2.3% 20 times. For the 2 years before this (July 2001-July 2003), the difference had been >4% about 35 times. So, the perception that "the market rarely drops over 2% from prior days' close these days" - is in fact quite an accurate description.