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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (8604)5/24/2000 2:35:00 PM
From: Galirayo  Read Replies (1) of 9262
 
[ May 3rd ... .
Message 13554539 ]

>>> Looks like a NAZ Wave 5 Downstroke in progress. Broken pennant in both directions for the NAZ in the last 3 days. Momentum on the downside. It failed the Upside Trend Line Break. Where it stops is anyones guess. I still like 2900 for a bottom. It'll probably level out before that. 3345? Momentum will dictate. <<<

Now that C'x'BC has " Capitulated " ... on the 2900 Mark ..

I'll "Guess" we are at the Bottom and the "weak hands" and margins are in control. Low Volatility won't hurt the Margins. Weak hands should be gone. I M H O !

R

PS !!!! Lack of Volume on an "UP Day" means 2 me me ... = a lack of sellers. .. When sellers are gone .. we have a bottom ...

Look at recent Volume on Up vs Down days. Lemme know what you find.
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