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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (40887)	10/8/2008 6:31:03 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218621

just in in-tray player #1: the NYSE recorded over 2000 (!) new lows today - yet another record in this indicator. it used to be a pretty firm indication of a bottom when that figure exceeded 1000. even in the worst historical bear markets, the 1000+ new lows days produced market lows that held for several weeks/months. also, the point&figure bullish percent numbers reached their most extreme levels ever today in some cases (some only equaled/exceeded by 1987). it is astonishing in this context that there has STILL not been a day with capitulation type trading volume. there are a lot of things happening in the market in terms of internals that simply should not happen. 1987 was often regarded as a 'once in a lifetime event' but this qualifies too. we also have a few near record bearish sentiment indicators, such as Investor's Intelligence bulls falling to a mere 25%. it makes me wonder - are more things about to happen that 'should not happen'? player #2: Ned Davis says 10/12 of his indicators indicate a tradeable bottom VIx at 58, 2000 lows, we've had 3 90% down days in the past 10 days if memory serves like a rubber band stretched to the breaking point just before it snaps back in next few days...then watch out above I am getting major bottoming signals on a number of stocks, no buys yet though although very very close