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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (5105)	4/17/2000 3:33:00 PM
From: Arik T.G.	Read Replies (2) of 5676

My predictions are starting to make sense: Last Wednesday: Message 13407848 >>AMZN finally broke LT support now targeting 43. It touched a low at 42 on Friday. >>NDX broke 3850 closing basis support. Next support 3200 could be a buying opportunity tomorrow or Friday. Thursday: Message 13418104 >>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,... Well, it was 3200 Friday close AND today's morning, and jumped from there like snake bitten. Looks like everything is set for a bear rally. It can take one of two shapes: The classic shape is two-three weeks time with the NDX reaching close to 3860 but nothing over 4000. The non classic will be a dead cat bounce of two-three days with the NDX not crossing 3600, probably not over 3500 either. So far it seems to me the odds favor the classic scenario, with the NDX coming close to 3860 ATG

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