To: Lee who wrote (53732 ) 9/24/1998 12:43:00 PM From: ViperChick Secret Agent 006.9 Read Replies (1) | Respond to of 58727
for a pattern review... whip it good....... (who can forget that video by Devo...those hats stick out in my mind..the whips pale in comparison ;-) 9.01.98 Q: What happens when the one-month move of the Dow crosses below 9% during August? A: This query hit on Thursday. 2 days later we are over 2% lower, on average. Obviously, the boys outdid themselves on Monday (-6%). However, from the bottom of the two-day decline, some really interesting price action unfolds. Techies might recognize it as a classic zig-zag pattern. After the two-day decline, the Dow rallies an average of over 6.5% during the next 4 weeks in 8 of 11 occurrences. Following the four week recovery, it appears the Dow heads right back to the lows by declining almost 8% in 10 of 11 occurrences. -------------- A quote from the famous Watergate Scandal of the 70's: "Yes, the President should resign. He has lied to the American people, time and time again, and betrayed their trust. He is no longer an effective leader. Since he has admitted his guilt, there is no reason to put the American people through an impeachment. He will serve absolutely no purpose in finishing out his term; the only possible solution is for the President to save some dignity and resign." William Jefferson Clinton, 1974 "Public media should not contain explicit or implied descriptions of sex acts. Our society should be purged of the perverts who provide the media with pornographic material while pretending it has some redeeming social value under the public's 'right to know'." Kenneth Starr, 1987 Sixty Minutes Interview with Diane Sawyer