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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory

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To: kailuabruddah who wrote (142)	5/29/2005 11:57:20 AM
From: Perspective	Read Replies (1) of 361

Real question should not be "is it March 2000 or Oct 1999"; you should be asking "is it September 2000?" The right point to nail this chart was not near the March 2000 high, and not even really on the June 2000 secondary high: finance.yahoo.com You can't know how high is up, until the chart falls apart technically. What IS thoroughly entertaining to a TA bear is the fact that the 2000 bear kicked off with an 8-week selloff, followed by an 8-week sharp upward correction very near the old highs. Notice any similarities here: finance.yahoo.com This latest selloff actually doesn't look all that impressive from that perspective, and we're clearly not in Fall 2000 tech territory yet. However, this is the first selloff in the homebuilders that was accompanied by a near-doubling in average volume during the selloff; that was also seen at the top in JDSU and PMCS. BC

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