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Strategies & Market Trends : DAYTRADING Fundamentals

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To: ams who wrote (16167)	7/13/2002 8:53:09 AM
From: ams	Read Replies (3) of 18137

Against my better judgment, I am posting these links for the sake of lurkers and novices who may find these helpful. Here are two more technicians that have noticed the mother of all Head and Shoulders Top formation: zealllc.com gannelliottwaver.com FWIW, I believe if we don't bounce back here soon (week), we will have a steep drop. Another 100+ on the S&P 500 seems likely. Any pullback, I think, will be weak relative to what we saw off the September 21 lows. Then it's down to never-never land. When I analyze long-term charts (patterns that take a year or more to develop), I use Fundamental Analysis to bolster my confidence that the charts are not deceiving me and place my long-term bets. Optimistically, I am guessing that a true bottom won't be reached for another 3 years. But my gut feel says 5-10 years is more likely. Below is an excellent essay on why we are on the verge of entering the Great Depression II. Future generations will be reading about us in school text books. For the sake of our children, I wish, in all sincerity, I am proven wrong. financialsense.com Good trading, ams

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