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Strategies & Market Trends : Drillbits & Bottlerockets
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To: John Pitera who wrote (9517)4/30/2001 11:30:50 PM
From: Original Mad Dog  Read Replies (1) of 15481
 
what investors are not typically equipped for is to have
something like the NASD after it's 70 % decline to have
a very large rally that could go back to it's 200 dma
(which is currently at 2955) and that can occur in
the context of a bear market.

Yes....excellent point. Returning to the 200dma would not be a big surprise, though that 200 dma is declining as we go.....the key IMO is that, once we reach that 200 dma, we are very unlikely to pierce through it on the first try, and may go back down significantly at that time. Even though there will be bulls looking at what will be a 40 percent recovery from the bottom and saying we are headed back to 5000+.
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