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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: SouthFloridaGuy who wrote (127129)10/3/2001 4:32:37 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
that probably depends on how quickly the current rally reverses course and how deep the losses get. a retest of the recent lows that is successful would likely result in a medium term (read: several weeks/months) rally.
if otoh the current rally extends a lot more, similar to the ramp off the late March low, i'd expect a plunge below the '98 lows after it exhausts itself.
as things stand, the market is already discounting the best of all possible outcomes, thereby creating a widening gulf with reality.
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