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Strategies & Market Trends : NetCurrents NTCS
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To: Dr. Voodoo who wrote (5813)2/23/2001 3:21:37 PM
From: Michael Watkins  Read Replies (1) of 8925
 
Things have been moving down so long and so directionally that a bounce here is not out of the question. The slow movement on the SP after breaking important support was a key sign.

We need to be on guard here, and develop some scenarios.

Rather than pick a "bottom", a longer term investor is going to see what happens on the first significant retracement.

Assuming of course that an uptrend even develops the daily charts.
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