Top	New Message
<- Previous	Next ->

1192 hits

Apr 22, 2004 7:38 pm		re: VXO and P/C Ratio suggest a rally could be close #
Melanie Hollands		Steve, You totally got the 1126 level right! Actually, the numbers are fascinating on this. During the 2000-2002 bear, if you bought the market only when it was 105% of the 50 DMA and sold when it dropped back below, you were in the mkt 256 days and had a positive return of 6.28%. However, if you waited for 110% of the 50 DMA then you were in for 186 days and made 12.79%. From this 1124 level, I think we rally up to around 1140 (maybe 1150) and then it putters out. I doubt that we break 1150. A move above there would break the downtrend line - a very important battle. As for what happens from 1140, it depends how it behaves at that level. I think it bounces off and we sell off again. Cheers Melanie Private Reply to Melanie Hollands (new win)

© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy