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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS

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To: Lee Lichterman III who wrote (94)	2/9/2000 12:27:00 PM
From: John T.	Read Replies (1) of 428

Broadening Pattern on NASDAQ -- Hi, L3 a/k/a L3 -- I'm not expert, but take a look at the 1 hour chart on the NASDAQ. It looks to me that it was tracing out a broadening pattern, as follows: Point 1 - high: 1/3/00 Point 2 - low: 1/7/00 Point 3 - high: 1/24/00 Point 4 - low: 1/31/00 Point 5 - high: 2/9/00 The NASDAQ closed above the top trend line of the broadening pattern yesterday and peaked today. At this time the NASDAQ has fallen below the top trend line of the pattern. This could be very bearish. It could mean the NASDAQ could fall to 3,800 or so. The NDX is tracing out a similar pattern. The upper trend line for the NDX is about 3,965. I think if the NDX breaks below 3,965, it would be very bearish. What do you think, L3?

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