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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (5116)5/30/2000 1:22:00 PM
From: Arik T.G.  Read Replies (2) of 5676
 
May 22, 2000 1:38 PM ET
>>We got a lower low on the NDX and Composite today. They could go lower still, but the target has been reached, and a bear rally could start anytime.

It looks like a bear rally has begun.
Naz can still turn back for one more down leg, but with or without that extra down leg, the main scenario is a 4-6 weeks bear rally in the Naz to 3800 area. SPX could be seeing a marginal new high in that time.

After that the NYSE will join the Naz in the secular bear market. The economic cycle will end with a soft crash landing.

ATG
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