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Strategies & Market Trends : Rande Is . . . HOME

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To: CAPTAIN MORGAN who wrote (34379)	9/11/2000 2:03:57 PM
From: Rande Is	Read Replies (4) of 57584

Captain, taking a look at other 5DMLs . . . Aug 25, 1998, recovered steadily on the 6th day. Apr. 13, 1999, recovered steadily on the 6th day and continued with a 5 day relief rally. April 10, 2000, looks most like today. . .with early morning strength in techs, followed by a steep drop. . .[today's drop in the Naz was about 100 points top to bottom] . . then late in the day it saw a very steep rally of over 400 points. . .however that was after a 1700 drop over 3 weeks. . . not even close to today's scenario. The fact that we put in a new low today and have not bounced significantly off it, has me most concerned. . . so my trading is in limbo, until we start to get some clear direction. Just breaking even today. . . which doesn't bother me, after making gains on last weeks steep decline in techs. . . .and so we wait. Rande Is

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