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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (31644)	2/20/2002 1:36:32 PM
From: marginmike	Read Replies (3) of 209892

HEY!!!! Ill have none of this Qcom Cult bashing, since I am one of the founding cult members cut it out-g- On a more serious note it seems to me the market is hitting a ST siginifigent bottom. I think yesterday was capitulation and today is a probe of that bottom. the volitility in the DOW is a dead give away for the bottoming action occuring. The 30-40pt moves in short span is showing a lack of selling pressure to take us down much more, and my guess is that we have just finished the corrective move and will begin a nice solid rally. My guess is we try for 1900 before we turn over in march for the last decent into the abyss.

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