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Hi Bob,
Does your data go back to look at some other
crashes such as the 87 crash?
Good luck and good trading,
Ray Raffurty
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BobR
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, May 06, 2002 8:27 PM
Subject: [RT] MKT - INDU
Getting back to breadth basics. I don't know quite
how to say this or withwhat emphasis, but there is a pattern in
development that has resulted indrops of 1000 to 2000 points in the Dow
Jones Industrial Averages. Thepattern is a downtrending INDU along
with a horizontal channel of theCumulative Super T oscillator.
Eventually a point is reached when the floordrops out and the INDU
accelerates downwards in hundreds of points a day forseveral days.
Monday saw the INDU begin that step as it closed below theWinMidas Support
line that has caught each major low since September 2001.The CumST hasn't
broken below its horizontal channel yet which means if itdoes and goes to
completion we are no where near the bottom yet. The
SuperTOscillator, one of Ben's composite breadth oscillators is within a
day ofhitting the Correction level where sharp knee jerks occur, but it
couldeasily move on down closer to the Crash level in the next few days if
buyershave sold in May and gone away.bobrTo
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