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I was able to put both Dow plots on the same screen for comparison of
course the initial drop in 1929 was about 50%. We would have to make it to
about 5000 to move the same percent. Enjoy.
Brent
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> From: Earl Adamy <eadamy@xxxxxxxxxx>
> To: List-RealTraders <realtraders@xxxxxxxxxxxxxx>
> Subject: MKT - waterfall decline again?
> Date: Thursday, September 03, 1998 3:41 PM
>
> Recently, someone asked me about the DJIA 17-32 retracement chart I
posted here
> a couple of months ago and I zoomed in for a closeup of the top, then
compared
> it to a weekly line chart of the current top. Then I switched over and
zoomed in
> on the Nikkei in Dec 90-Feb 91. In both cases, there was a waterfall
decline
> when the bottom of the first retracement was taken out. My current
intermediate
> and long term technical work is suggesting that the current bottom is not
going
> to hold.
>
> Earl
>
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