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Lowry's Update
- Thread starter dgabriel
- Start date
Aaron Task
the immortal Paul (not Nora) Desmond
9/20/02 01:36 PM ET
FYI, I just hear from Paul Desmond of Lowry's Reports who I was unable to reach late yesterday.
Desmond called to confirm that yesterday was NOT a 90% downside day, although there was 90% downside volume on the over-the-counter market and 90% downside price action on the NYSE. However, downside price action didnât reach 90% in OTC and downside volume didnât hit 90% on the Big Board.
From Lowryâs work, both parameters must be met (on either exchange) to complete a 90% downside day that is so crucial to his work on major bottoms. And, of course, his works shows there are an average of five 90% downside days before major bottoms and there has only been one so far this year (9/3).
the immortal Paul (not Nora) Desmond
9/20/02 01:36 PM ET
FYI, I just hear from Paul Desmond of Lowry's Reports who I was unable to reach late yesterday.
Desmond called to confirm that yesterday was NOT a 90% downside day, although there was 90% downside volume on the over-the-counter market and 90% downside price action on the NYSE. However, downside price action didnât reach 90% in OTC and downside volume didnât hit 90% on the Big Board.
From Lowryâs work, both parameters must be met (on either exchange) to complete a 90% downside day that is so crucial to his work on major bottoms. And, of course, his works shows there are an average of five 90% downside days before major bottoms and there has only been one so far this year (9/3).