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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/1/2001 7:20:46 PM
From: besttrader	Read Replies (1) of 37746

Bulls, repeat after me. :) ... decisionpoint.com The important part of this article: The general rule for this kind of pattern is that, once the parabolic collapses out of the top, the price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500. Between 500 and current levels are a number of support levels, indicated by the dotted lines, that could provide support for bear market rallies, but history tells us that the final bottom should be much lower than the top two lines -- extremes in one direction are normally followed by extremes in the opposite direction, and the Nasdaq is nowhere near extremes of undervaluation yet. Just repeat this next statement again and again bulls: "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500." "The price index normally returns to the level at which it was basing prior to the breakout into the parabolic. The level that most closely fits that description is 500."

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