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Strategies & Market Trends : The Millennium Crash

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To: MythMan who wrote (4137)	4/27/1999 9:17:00 AM
From: Arik T.G.	Read Replies (2) of 5676

>>Now what? The T/A is mostly bullish. -NYSE big inverse H&S neckline was broken, retested and held (look at a two years chart). - EW bearish count negated - AMZN emerging as sector leader - NASDAQ completed V correction and went to new high Now we wait for another increase in volume. I guess 1.2B days on up days on the Naz are not enough. Maybe 1.5B distribution days will do. I've seen manic buying before, but this time is without precedence. I guess the crash phase (two-three months from now) would halve the NASDAQ, internet high flyers could shell 3/4 and more. The biggest "dip" in history, compared only with 1987. ATG

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