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Strategies & Market Trends : The Millennium Crash
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To: Thomas C (Hijacked) who wrote (3529)9/23/1998 12:05:00 PM
From: GROUND ZERO™  Read Replies (3) of 5676
 
Thomas,

The market has bottomed. Basis the DOW, the neckline of the inverted H and S that took six months to form late 1997 projected a rally to about 9300. It did that this past summer. Now, the market just came back to test that neckline. You can see it very clearly if you look at a two year chart of the DOW.

Also, we cannot dismiss the fact that today is the first day of Autumn and, according to Gann, not only marks a change in season but a change in market sentiment and psychology. Today represents a big turning point for the markets and these recent lows are of major significance and will not be taken out.

GZ
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