The Black Box

[wahz]

No idea. I think we have done enough work on the downside even in a panic mode situation. Obviously a typical bottom has been put in on the ndx and comp but not the spx and dow yet.

Lowrys data simply needs to see developing buying power and a further erosion in selling pressure. No buy signal there yet so that is not good. It will lag the low though.

All kinds of patterns would suggest whether we make a lower low now or not, we'd have to be around here in late nov or early dec and then take off.

Lowrys had a sell signal in July 07. I'll never ignore one again. I'll let you know when they have a buy.