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To: Gordon A. Langston who wrote (15225)8/30/1998 3:29:00 PM
From: JimNewby  Respond to of 164684
 
Thanks. I had a hard time believing 900 was set. A percentage makes more sense. Even 800 in a day is hard to imagine when the US economy is in such good shape. This can only be a major correction and not a true 9 month bear market IMHO. However, I don't think the downside is done and I expect a few more minor rallies mixed in as well before we continue the bull rally into next year.

Jim



To: Gordon A. Langston who wrote (15225)8/30/1998 3:30:00 PM
From: IceShark  Read Replies (1) | Respond to of 164684
 
Dow stops are 10,20,30%, so from where we are now that is only 800 points.

Nope, You boys get an F on the quiz. Even when the answer sheet is there. -g- The stops are set once per quarter. This quarter the 10% stop = 900 points. And that is 900 points in one trading session, slow boys.

Regards, IS


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