Stock Market Crash Index creeping upgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
-2 last week -6 earlier this week -8 today
"Crash Index: -8 Status:Crash Alert Since August 3rd Updated: NOV. 24, 1999"
"How do I use the Market Crash Index??
There are just 2 simple rules:
When the Market Crash Index reaches a -10 we exit the market of any risky short-term long positions, and will increase the number and size of our short trades. When the Crash Index then reaches a +6, it is then safe to start picking up long positions again, and is time to reduce the number of short trades in our portfolio.
It's as easy as that. This is not a market timing tool designed to constantly switch in and out around small corrections. This index is used as a leading indicator to warn of the possibility of a large negative drop in the market, (20% or more), as indicated by a failure in underlying market fundamentals."
-- ng (firstname.lastname@example.org), November 24, 1999
The market is in its drunken orgy stage, almost before everyone passes out from consumption!!!!!!
-- d----- (email@example.com), November 24, 1999.