Larry's Market Comments at Critical Points

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LDkeynote
Note to myself to look into this when I get time.
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Posted by: wahz
In reply to: wahz who wrote msg# 1736 Date:5/8/2003 11:46:46 AM
Post #of 1744

random thoughts on just one indicator:

Since 1965, I count just a few times that the nyse ratio adjusted summation has gotten this high

when it finally rolled over, the average duration until the upturn in the indicator was the typical 7 weeks

from the absolute nyse peak to trough, the correction on average was only 5%(3-8% range intraday)

the trough in nyse price didn't correlate well with the turn back up in the indicator

so on average this is the summary:

1.when the nyse summation rolls over the nasdaq correction should be 7-10% intraday(extra volatility)

2. It should be in the next three weeks, and be over. although the summation won't turn back up

3. we then charge up and make a higher high, by the end of June


The Black Box
http://www.investorshub.com/boards/board.asp?board_id=1566
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