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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (80547)3/14/2001 6:55:46 PM
From: pater tenebrarum  Read Replies (5) of 436258
 
i also have these bearish tendencies...perhaps we should go see a therapist? -g-

looks to me like tech MAY be close to the much touted 'bottom' but the NYA looks so darn wave 3-ish...it's almost a classic, suggesting a LOT more downside. and check the economically sensitive transportation average...that thing's in free-fall.
has a very bearish LT wave structure too i might add. among the VL indices, the geometric one looks to be in a wave 3 too, and the arithmetic one has just begun a w 3 collapse from a typical 3-peaks+doomed house pattern....looks crashy to me.
otoh, tech seems near completion of wave 5 of 1 down on the weekly, so a wave 2 rally phase should be close.
maybe we're in for bi-furcation again, only the other way around.
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