News Focus
News Focus
icon url

nwsailor

12/12/02 12:34 PM

#54905 RE: wahz #54901

Speaking of negativity. With gold pushing the issue, it looks like we can do nothing else but break the 1390 level.

nwsailor

icon url

wahz

12/12/02 1:11 PM

#54925 RE: wahz #54901

http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui...

-------------------------------

so 12/9 was very nearly a 90/90 down day. 2 weeks in advance, my odds based indicator, based on the assumption that a new cyclical bull started in early fall, said an extreme "bottom" would be at 1368, and that happened on the 9th also. Still, my indicator says we should have bounced harder, so it's bothersome. It's ok to grind up, but an initial run up back over 1425 and then sideways would have fit better with a bull market.