MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lost to Voodoo who wrote (2511)	4/17/2000 3:33:00 PM
From: Copeland	Read Replies (1) of 19219

Any thoughts on a dead cat bounce for NASD(a 20 % bounce from here would take us almost to 4K)followed by further gradual decline for weeks or months? It's pretty rare for a market to make a "v" type upwards reversal back up to its old stomping grounds, especially after your leading index hit a lower low on Friday. I have a feeling we'll see a lot of short term rallies and then sell-offs on each one, unless we get some really nice earnings numbers this week (i.e. WAY ABOVE estimates, not just a penny over). And as usual, for those of you out there who cling dearly to stock almanacs, we have a seasonal thing to contend with.

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