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Re: Redart post# 242691

Tuesday, 05/11/2004 9:29:28 AM

Tuesday, May 11, 2004 9:29:28 AM

Post# of 704044
Yes, 90% points lost is also part of the equation, but they're rarely that far apart.

A 90% downside day followed within a week of a 90% upside day, like we got at the March 2003 bottom, has had only one failure that I know of, in late August 1990. It's a rare indicator, but appears to be a very good one.

Wish Paul Desmond had come up with something that identifies tops as well...

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