Replies to post #17651 on Zeev's Turnips Patch-No Politics (ZEEV)

[Paul Shread]

Rich,

Basically, Lowry's says the smaller sample Ned Davis used is more likely to produce 90% downside days, and that both Ned Davis and Lowry's are in agreement that July 24 was not a major bottom anyway.

Lowry's did get its first-ever four consecutive 80% down days at the July bottom, so they expected some sort of bounce, just not THE bottom.

Paul