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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.17+0.2%Dec 11 4:00 PM EST

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To: drsvelte who wrote (25274)2/22/2000 3:38:00 PM
From: Johnny Canuck   of 69026
 
Thanks Doc,

I tried for APAT this morning when it bounced off the 20 day EMA,
but missed.

Some real technical damage has been done to the market (DJ30 below the 200 day EMA, DJ15 below the 200 day EMA and SP500 below the 200 day EMA), but the number of stocks more than 2 STD's below their 200 day SMA does not seem to be indicating any kind of crash. I have to believe the huge amounts of money sitting on the side lines due to the retirement saving contribution coming up would save the market from any extreme below off at this point.

I think I saw on one of the threads one of the Analysts looking of a cycle low of the 24th.

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