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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Stcgg who wrote (4565)	10/10/1999 12:42:00 PM
From: Stcgg	Respond to of 5676

Comparison Charts.. Here is a chart of the Nasdaq100, it hit an all-time hi.. decisionpoint.com Here is a chart of the 1987 HiTech Index, it hit an all-time hi.. arts.unimelb.edu.au Ominous or wishful thinking? In any event, a fact worth observing.. >><<

To: Stcgg who wrote (4565)	10/11/1999 1:59:00 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

Stcgg, There is a big divergence between the different indices. The weakest index is IMO the Russel 2000. It topped 4/98 and the rally from 10/98 to 7/99 looks like a big bear market rally (also showing a clear corrective ABC pattern). It should now start 3 of 3 of C, whereas 1 of C was from the July high to 8/10. 2 of C - a clear corrective to 9/10, and 1 of 3 from 9/10 to 9/23. Next is the NYSE composite - From the October '98 low, it created an ending diagonal - 1 to 1/8, 2 to 2/9, 3 to 5/12, 4 to 5/26 and 5 to 7/16. On its way down from the high in July it already overlapped on its 7/98 high. The NYA also broke its very strong rising trendline (touching 12/11, 2/9, 3/2, 5/26, 6/10 and 6/25). After breaking it very decisively on 7/29, it rose to meet the broken line from below on 8/25 and sold off from there. Next is the Dow - It topped in August, broke its respective trendline on 9/20, and rose to meet it as a resistance last Friday and today. The COMPX and esp. the NDX are the strongest. They are in a big rising wedge and testing its higher bound right now. The SPX is a composition of the weak NYA and strong NDX, and therefore it is moving sideways since April, and waiting for either breaking the neckline or failing the big H&S it created in the last six months. I belive that the next two days are down to the 1305-1310 area, but will need further weakness (under 1298) to believe in a longer term bear. However if we drop to 1280 area again I strongly believe it will be in the purpose of breaking it, and the minimal target for the H&S is 1140. ATG

To: Stcgg who wrote (4565)	10/13/1999 6:27:00 AM
From: Arik T.G.	Respond to of 5676

>>With the Dow, S&P and Naz patterns at resistance in their respective trendlines, it's time for the market to satisfy Greenspan's agenda for lowered equity valuations The S&P and the Dow waited at their resistance on Monday for the Naz to rise to its own (NDX 2590), then they all sold off together. >>I see the trend reversal here imminent! Also the outside day on the SPX on Friday saw it coming, and the outside say on the Naz yesterday sealed a ST trend change. >>The market is looking for any excuse now to selloff.. And it sure got it with INTC missing big. We got to my initial target of 1305-1310 very quickly (by Globex we're already there). If we close under 1300 there will be IMO big reason for concern. Next target will be 1280 again, but if we get back there, it would be in the intention of breaking it. ATG