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If we take the 200 day moving average of the INDU at 10708 and assume a
conservative correction of 10% below the 200 day MA then that targets 9637.
Note that the End of Day Cumulative Volume has fallen below last October's
low and the DOW is playing catchup. The implication is that the DOW lows
have not been seen yet as the EODCV made a lower low. The next post has a
slightly different approach to a correction/crash low that arrives at a
similar number.
BobR
----- Original Message -----
From: <Vaugh002@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, February 21, 2000 6:55 PM
Subject: [RT] Markets: Bill McLaren feels crash 85 %probablilty, gives dates
> RTers, Since this copyrighted materal I will point you to the source : to
> read further
> Go to www.afr.com.au go to archieve and select feb 21,2000 select
> MARKETS on left in white select McLaren gives crash course and see
what
> you think decenting opion well come , but it seems to fit with clyde
lees
> swing machine,Norman Winski's key dates and bob R,s planetary paths and
> pending sucker rally and Jim P's
> pivots ... gentlemen start your engines. Cheers Tom Vaughan
> PS: I do not own the Australian Financial Times ,I know so folks down
under
> but they are all dead .
>
>
>
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