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Non-Tech : The Critical Investing Workshop

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To: Uncle Frank who wrote ()	3/29/2000 7:11:00 PM
From: bela_ghoulashi	Read Replies (1) of 35685

Some NASDAQ TA from the Yoda3355 club on Yahoo ("rocketlauncher395" is an excellent poster in that neck of cyberspace): Nasdaq bottom tomorrow? rocketlauncher395 (34/M/Ohio,USA) 3/29/00 5:58 pm I think another short term bottom may occur tomorrow or Friday.4455 was the level we traded at on March,16.I have to say that by looking at several companies RSI charts they are very stretched to the downside(RSI treats price like a rubber band the further down it stretches the more powerfully it snaps back)I still have not seen the 2.2-2.4 billion share day i would like to see on a bottom.I need to also say that the same formula that called for a correction on or about March 15 also calls for a new high on the nasdaq on or about April 27 +or- 5 days.I'm staying in this market 100% until we see major breakdowns(some stocks have broken down in my opinion).Just remember though the lower the RSI is stretched down the more powerful the ensuing rally will be.Personally I believe that MM's merely lifted their buy orders this week to safeguard against a major warning.I would not be suprised at all to see the largest one day point gain on the nasdaq sometime next week.As always,only my opinion, ROCKET

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