Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: CountofMoneyCristo who wrote (610)	11/13/2000 12:29:20 AM
From: Christopher	Read Replies (1) of 74559

I can only read charts. NASDAQ has created a huge descending triangle on weekly charts and has closed below it this past Friday. If NASDAQ does not rebound soon and reverse then the next target is 1000. If this is not a financial collapse then I don't know what is. At least that is what the chart points to. ORCL and JDSU are both below their 200 dma which means that they are in a downtrend and so is NASDAQ. They have all been in a downtrend for months now. If the trend is you friend then I have to agree with Mike right now until NASDAQ reverse and starts an uptrend. Christopher

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