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Politics : BuSab -- Ignore unavailable to you. Want to Upgrade?


To: J.B.C. who wrote (9305)8/18/2011 6:12:44 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 23934
 
I see what you mean....BPNYA is down around 21.
stockcharts.com

However, in 2008 it got down to 4% before the low in the BP was put in.

Even then, the NYSE didn't hit its low until March 2009.
stockcharts.com

My views are certainly influenced on the P&F reading, however the main thing that i am looking for is some panic selling. I don't see how we can have the action we've seen in the past couple of weeks without having a selling climax.