Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: mattie who wrote (28248)	9/15/2000 12:47:39 AM
From: Clint E.	Read Replies (1) of 68098

>>>... although I think a lower low is needed - therefore a low near 3000 on the comp. You're right & anything could happen. In my thinking even if a major bottom is put in, the promise of fresh new highs in the nasdaq(in the next few months) is far fetched given lack of broad participation across multiple industry segments that had previously taken us to 5k. Anyway............I think we had an oversold bounce yesterday and partially today but we're being set up for a head fake. I expect more selloff to follow in the days ahead. It is time to be cautious with your money.

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