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[RT] One Day Rally or Start of New Trend



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Infernal One,

Without coming to any conclusions, it is of interest that, if 
accurate, they all occurred during a depression period.

Also without coming to any concliusions, if one looks at a 5 year 
chart of the S&P, one would see a gradual increase in price from '98 
to '2000 and a gradual decline from '00 to '02. But the slope of the 
decline from '02 to the present, despite this rally is precipitously 
more steep than the immediate prior decline.

The jury is still out but so far it is hung.

John



------------------ Reply Separator --------------------
Originally From: Infernal Elk <infernalelk@xxxxxxxxxxxxxxxx>
Subject: Re: [RT] Re: One Day Rally or Start of New Trend
Date: 07/28/2002 02:56pm



apologies for the tardiness of this reply to this thread.

in the interest of providing some "objective" data for this
discussion, i did some number crunching.  i focused on the dow
industrials because that index has the most extensive price history.
selected are those dates where the industrials (1) closed higher than
the previous day (2) the open->close range was at least 5% of the
OPENING level.  7/24/2002 certainly falls within those parameters.

the question is if 7/24/2002 was a one day rally or the start of a new
trend.  it's probably too early to truly tell, & i am still developing
my own opinion on the matter (which, in the interest of not fanning
more flames here, i won't propose yet).

here are, without additional comment, the raw data for the dow
industrials falling into the above parameters.

- *lk


Date            Open          High          Low      Close      o/c 
range   oc % Open
10/30/1929     231.0000     260.9000     231.0000     258.5000   
27.5000    11.90%
11/14/1929     205.6000     219.5000     205.6000     217.3000   
11.7000     5.69%
12/17/1930     157.5000     166.8000     154.5000     165.6000    
8.1000     5.14%
04/30/1931     143.6000     152.5000     142.1000     151.2000    
7.6000     5.29%
06/03/1931     121.7000     130.6000     120.8000     130.4000    
8.7000     7.15%
06/20/1931     131.9000     139.8000     131.9000     139.0000    
7.1000     5.38%
10/06/1931      87.5000     100.5000      87.5000      99.3000   
11.8000    13.49%
10/08/1931      98.2000     106.4000      98.2000     105.8000    
7.6000     7.74%
12/18/1931      73.8000      81.1000      72.6000      80.7000    
6.9000     9.35%
01/13/1932      80.0000      84.7000      80.0000      84.4000    
4.4000     5.50%
02/11/1932      74.3000      79.6000      74.3000      78.6000    
4.3000     5.79%
02/13/1932      80.9000      86.5000      80.9000      85.8000    
4.9000     6.06%
03/02/1932      82.1000      86.5000      82.1000      86.3000    
4.2000     5.12%
05/06/1932      54.6000      59.8000      54.6000      59.0000    
4.4000     8.06%
06/02/1932      44.9000      47.7000      43.5000      47.3000    
2.4000     5.35%
06/10/1932      45.3000      49.5000      45.2000      48.9000    
3.6000     7.95%
07/13/1932      42.7000      45.1000      42.4000      44.9000    
2.2000     5.15%
08/03/1932      53.2000      58.7000      53.0000      58.2000    
5.0000     9.40%
08/06/1932      63.4000      67.6000      63.4000      66.6000    
3.2000     5.05%
08/15/1932      63.2000      66.7000      62.9000      66.5000    
3.3000     5.22%
08/22/1932      67.5000      71.1000      67.5000      70.9000    
3.4000     5.04%
09/21/1932      69.5000      75.5000      69.5000      75.2000    
5.7000     8.20%
10/14/1932      60.3000      65.5000      60.3000      63.8000    
3.5000     5.80%
11/10/1932      61.7000      65.6000      61.4000      65.5000    
3.8000     6.16%
03/15/1933      57.1000      62.6000      57.1000      62.1000    
5.0000     8.76%
04/19/1933      63.6000      68.7000      63.6000      68.3000    
4.7000     7.39%
08/17/1933      94.4000      99.5000      93.6000      99.3000    
4.9000     5.19%
10/20/1937     126.9000     135.5000     126.9000     134.6000    
7.7000     6.07%
10/25/1937     127.2000     135.1000     124.6000     134.4000    
7.2000     5.66%
07/24/2002    7698.4600    8243.0700    7489.5300    8191.2900  
492.8300     6.40%



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