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Normally you see the 10/1 day after an extended decline. This tells you that
the bear market is over. In this market it may be a little harder to discern
if this indicator still has significance. Yes, the Dow had a bear market
decline of about 15% but the S&P only fell about 8% and of course the NASDAQ
was making new highs just last week.
The 10/1 day was seen just after the lows in Aug 82, Jun 84, Jan 87 and Jan
91.
Howard
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