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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (3166)	8/11/1998 5:15:00 PM
From: gregor	Read Replies (1) of 5676

bobby: This two year chart on the NASDQ shows a testing of the 200 day ma 5 times. quote.yahoo.com^IXIC&d=2ym. If we keep going down at the same rate we should test the 200 day ma at 1720 and once broken down with the ma turning negative 1500 could come into play. Even if this does not work out I am looking for a flat 200 day ma for 6 to 18 months, at which point you could argue for stagnant market for even more months to come. gregor

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