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Strategies & Market Trends : The Millennium Crash

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To: Logain Ablar who wrote (5625)9/30/2003 12:15:06 PM
From: Arik T.G.  Read Replies (1) of 5676
 
Thanks, Tim, for the article.
I totally agree with the LT assessment, and the very ST
>>Early next week, look for a 2-3 day counter-trend rally reversal to the upside,>>
Exactly the same as
Message 19352445
>>Looks like a 3 days bounce started here. This bounce should be SOLD if up nicely mid day tomorrow or Wednesday morning.>>

But I disagree with some of the IT projections implied in the article.
This drop could be the continuation of the secular bear, but IMO more likely it's only a pause in, the B of, the bear market rally, and my main scenario is that we do retrace quite sharply over 50% of the entire rally from the 10/02 low, but another leg up is due from there and the secular bear will take hold again and drive the markets to new lows only next year.

ATG
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