Replies to post #10051 on Profunds index and sector trading (PRO)

[M3]

Spooky stuff there sallen. There are some nefarious lizards out there for sure, but I try my best to stay innocent of the ways of evil, but that's a challenge dealing with wall st <g>.

[otraque]

So yes,4/19 is the Koresh/McVeigh date.
McVeigh having picked that date specifically to correspond to Waco.
On todays action--its' OEX week---let sees what happens
Monday.
Regardless of an outer event on 4/19, it was a key day in 2001/2002.
The action the next week will have a major influence in terms of my deciding we are going to new highs for 2004, and also the top for 2004.
Historically the post 4/15 period is up--as April is the most consistently positive month of the year and especially after the 15th.
Here is 2002 went--on Wednesday there was a HUGE gap-up--40points!(onNDX). On Friday the 19th we went from 1408 to 1385 and it was then downhill--1408 to an intraday low of 1142 on 5/7/2002.
If we close down for the week ending Friday 4/23/2004 i will have to hustle to a hard decision of is the top for the year already behind us.
I will have to go to the historical record in detail to decide---

[was Steve]

FYI check out the link and go back and see data for past three instances when namo down in this area. of course this boucne has brought it above the threshold now for sure. but good data from tarm (formerly qqqbee)

http://www.investorshub.com/boards/read_msg.asp?message_id=5078898