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Strategies & Market Trends : The Millennium Crash

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To: John Dally who wrote (5617)	8/18/2003 6:31:46 AM
From: Arik T.G.	Read Replies (1) of 5676

John, My best judgement is still that the market has not paid the full price for the bubble. Yin-Yang thing. And we should get another leg to this bear market. The biggest support for that is from the BKX chart, that completed building a 6 years H&S pattern with triple shoulders: 7/99 4/99 and 9/00 highs left shoulders 01/01 head 6/01 5/02 and 7/03 mirror image right shoulders. This pattern should resolve to at least 450 within 2 years. Next support is from the big consumer goods multinationals like P&G and 3M, both LT charts look ripe. IMO the Naz will not break last year's lows even when the S&P will. ATG

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