VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Boplicity who wrote (20884)	11/29/2000 10:21:14 PM
From: HairBall	Read Replies (2) of 65232

Gregory M: I really don't know where the bottom will end up. I suspect we will see an overshoot on the down side just like we saw on the upside. I expect we will see more than one capitulation event. The first will be considered by most to be "the" bottom and will be followed by a strong counter trend rally. I will have to see how the above plays out before I will venture a guess as to how low the next leg down will slide. I think the NAZ will find its first bottom within the 90 Rising Trading Channel, maybe at the support band. I think the following rally will be contained with in that channel as well. If I am right, the 74 Rising Trading Channel "may" come into to play in the next leg down... Regards, LG

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