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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: donald sew who wrote (31789)10/3/2000 9:26:49 AM
From: Paul Shread  Read Replies (1) of 42787
 
The Nasdaq may be starting to form a falling wedge in the 60-min. chart. As far as I know, this is the first appearance of one in a major index in this bear market, and is typically how bear markets end: sellers run out of steam. We could (and probably will) drift lower for a while - the apex is quite a ways away - but the Nasdaq appears to be trying to put in a bottom here. It won't take off like the good old days if it is completed; a good model is AMZN's slow grind after breaking out of a falling wedge.
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