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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	8/16/2002 3:36:14 PM
From: velociraptor_	Read Replies (2) of 10157

Some observations... Note on the Nasdaq long term daily chart. The angle of ascent on each of the last major bttoms is gradually falling. The current one is the smallest yet and if you're looking for a bear flag, you got it. The decrease in ascent, is likely also part of the defaltionary cycle of the mania as less and less money and interest is generated. raptorgroupresearch.com In the S&P, let's look at all the recent bottoms. Of the last 2, the Sept 2001 bottom is sharp and channels nicely. The Mar-April 2001 bottom is a classic type I double bottom with a retest of the low at a slightly higher point. The first bottom that the current one most closely resembles is the Oct 2000 bottom which was clearly a bear flag in hind sight. Note how the stochastcis patterns are very similar in that one and the current one. raptorgroupresearch.com

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