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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (19808)	9/2/1998 10:06:00 AM
From: James Strauss	Respond to of 50167

Ray: Theoretically it takes 3 months of the Dow being down 20% or more from its highs to be classified as a real BEAR market... At the moment I think we are in the beginning stages of a BEAR market... 20% losses from the top for less than 3 months are still painful... A big improvement in New Lows, only 63 compared to over 900 yesterday... I'd like to see this number under 40 for 5 straight days... Also, the Transports are down today... This is a divergence from the Dow... We can't have a turnaround without the Transports heading North... So, for the moment, I'll call this a rally in the context of a developing BEAR market... Jim