The approach to 1998 washout.. we kept selling for a couple more days after that.
And the 2002 low.
In the past 10 years only 2 times internals were so oversold.
Started by
ogm
, Aug 16 2007 11:30 AM
3 replies to this topic
#2
Tor
-
- Traders-Talk User
- 7,647 posts
Member
Posted 16 August 2007 - 11:35 AM
The approach to 1998 washout.. we kept selling for a couple more days after that.
And the 2002 low.
what about the 1987 crash?
I have no data to go back that far.
its ugly, and the gearing must be awfool.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#3
Cirrus
-
- TT Patron+
- 5,735 posts
Member
Posted 16 August 2007 - 11:36 AM
1998!
Where have I heard that before?
#4
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 16 August 2007 - 11:48 AM
1998!
Where have I heard that before?
ogm,
i been harping about internals along with you forever, but xd pointed out something to me yesterday. that we should just put all that aside for now and concentrate on a more important indicator.
age old indicator.
price. nothing else matters now, because if the setup is right (and it probably is) and we should be going long soon, the price can move dramatically against us. similar to our vix discussion. kisa was right, until some kind of bottoming sign is shown, going long here may be technically speaking correct, but a massive emotional test.
“be right and sit tight”
