And the long term low? 85? :)
On Fri, Oct 10, 2008 at 2:39 PM, Ben
<profitok@xxxxxxxxxxnet>
wrote:
does anyone remember 6 month ago i
said 1050 sp
then 6 weeks ago i said 850
well we got it today,
have all ,a nice week end,
feel good as we ARE closer to a low
then you think
10/14-10/16 short term
low
Ben
----- Original Message -----
Sent: Friday, October 10, 2008 11:42
AM
Subject: Re: [RT] sp500 - Historical
Perspective
Tks for your feedback Pete. Those comments are very
instructive.
Looks maybe like another rally up then, then the big
leg
down.
Chas
-----
On Fri, 10 Oct 2008 11:21:41
-0400
Pete Lieber <plieber@xxxxxxxxxxxnet> wrote:
>
>
Today's market is reminiscent of the 1973 -74 market
>plunge (see
attached chart). In 1973 the DJIA hit a high
>of 1053.21; in 74 it
hit a low of 572.60 - a 44.6% drop.
> Today low equals a 44.7% drop
from the 2007 high. In
>1973 the SP500 hit a high of 121.27; in 74
it hit a low
>of 60.96 -a 49.7% drop. Today low equals a 46.6% drop
>from the 2007 high. However this time it feels worse, a
>lot worse. In October 1929 the DJIA hit a high of 386.10
>by November it hit a low of 195.35 - a 49.4% drop.
>
However from there it rebounded to 297.95 (April 1930).
> From
April 1930 the market began its steady decline to
>its eventual low
of 40.56 in July 1932.
>
>
> To: realtraders@yahoogroups.com
>From: chaze@xxxxxxxx
>
Date: Fri, 10 Oct 2008 07:24:39 -0500
> Subject: Re: [RT]
sp500
>
> Hi Ben & Group-
>
> I was
wondering if I could get some type of a concensus
> here?
>
> Do you foresee a bounce from current levels? And, is
>this
> the FINAL bottom, or
> is there yet another leg down after
a rally?
>
> I am pretty clueless right now. I thought the
price was
> maybe right, but maybe
> not the time? How about
777?
>
> Thank you for any feedback.
>
>
Chas
> =====
>
> On Thu, 09 Oct 2008 21:22:40
-0400
> Ben <profitok@xxxxxxxxxxnet> wrote:
>> down
another 25 at night session!!
>> Japanese insurance co in same
shape as AIG
>>
>> Since 1894 we never had , 6 days in
a raw ,with more
>>than 2% correction ,or more!!!
>>
Ben
>>
>> you must realize oversold does not work
here
>> even my forecast was wrong for the week
>> and
only 1 component is os/ob
>> even new hi in vix, new hi in
p/c
>> no indicator works
>> its all about
PRICE
>> cycles has the best chance to work here
>
>
>
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