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Strategies & Market Trends : The Millennium Crash

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To: Rarebird who wrote (5104)	4/13/2000 4:13:00 PM
From: Arik T.G.	Read Replies (1) of 5676

I think we're nearing the end of the current ST downtrend in the Naz. It could end with a bang (NDX 3200 tomorrow or Monday) or with a whimper (tomorrow morning starting up, or reversing up). Then a ST bear market rally, (maybe at the expense of the S&P ?) back to 4000 or 4200, but nothing over 4200, and another down leg of the entire market, new and old economy together. GE failed the 5th wave up when it came one buck short of equaling its trading high, and turned down. That spells weakness. SPX equaling 1550 high still not out of reach but looks further every day. The New era tech stocks were the main engine of the bubble, and there could be no continuation to the bull market without them. The tech sector suffered considerable technical and psychological damage and IMO after the bear market rally it is going kaput. Thanks for all your input. ATG

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