ciVic's market direction Message Board

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Strategies & Market Trends : ciVic's market direction

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To: ciVic who wrote (11)	10/8/2000 12:17:06 AM
From: Michael Watkins	of 93

the reason for the tank today was that the DOW broke a small 5 day uptrend...so that was the scare fall. the DOW hit support at the bottom and let's see if we cn recover from it. I think extrapolating what 30 stocks on the DOW might have in terms of impact on 100 issues on the NDX and 500 issues on the SPX is, well, hard to extrapolate. Looking under the covers of the Nasdaq, accumulative volume continuing to show sustained selling even on rallies plus new lows expanding on rallies was warning enough. Still no obvious signs of capitulation... intelligentspeculator.com

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