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Strategies & Market Trends : Sharck Soup

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To: Bid Buster who wrote (14297)	4/2/2001 3:39:38 PM
From: velociraptor_	of 37746

My research has always shown that, and despite a 900 point rally off the lows in the DOW I remained confident of where the markets were and where they were still heading. All signs clearly pointed to a Bear Market Rally. Look at the charts! Read the signs all around you in the news! Don't watch those piddly day to day fluctuations and listen to those airheads on TV. There is no way the economy was going to turn around in a week, and everything pointed to a continued slowdown. Now a bad quarter turned worse should bring out additional warnings as well. The rally went 900 points in the DOW in several days on declining volume. Chart patterns in the larger time frame broke down and are bearish as hell. Earnings are dropping and so P/E's remian high. Elliot wave structures going down are not complete. The signs are all there...listen to them. Velo

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