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Technology Stocks : Shi Shi

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To: Jerry Krim who wrote (4445)3/22/2001 10:01:49 AM
From: Brad Rogers  Read Replies (2) of 4462
 
This is the inaugural W REPORT. An intelligent and lucid market forecasting guide -- straight from the cerebral cortex of W.

The market is searching for capitulation. It is getting close to slaying this dragon. A capitulation occurs when the last safe haven, the previously unscathed fortress falls, and falls hard.

That safe haven has been the Dow. That index needs to fall into bear market territory. It has this morning, falling below 9377 (a 20% correction off of the all time high of 11722). This is a good thing -- no matter how much that ethnic moron Marion pees in his pants.

The Dow W bottom should hold at 9300.

The Nasdaq W bottom may well be at hand. Semiconductor inventories (particularly at MU are approaching normal levels). The W probability stands at 60% that the 1820 bottom will hold. There is a 30% W probabability that we will reach 1780, and a 10% W probability that 1708 (a 66.6% bear correction) will take place.

There is a 70 W probability that the SPX is near its lows 1118.

Remember, W means Winner, not Whiner.
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