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Strategies & Market Trends : Swingtrade
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To: Brandon who wrote (300)4/22/2001 8:57:04 PM
From: Dan Duchardt  Read Replies (1) of 336
 
Brandon,

Bo and I are looking at a quarterly chart of the Nasdaq. Looks scary. swingtrader.net;

Can't argue with that, but now that some time has passed, if you go back to

Message 15597552

replace "day" with "quarter", then update your Naz chart to capture the current quarter, it looks like a buy. Will be even more interesting on a monthly if it manages to clear the March high of 2029. BIG if. Of course there are still all those P/E issues, debt, etc, but just a 38% retracement toward the Y2K high here would be 2673, which could mean some long opportunities for a while

Wishful thinking??

Dan
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