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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (26138)	4/14/2000 2:12:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 70980

That's a dated article that talks about the dow. Also, 2% doesn't compare to what we have seen in the past six months, on the way up or down, in the nasdaq where day traders trade.

To: j g cordes who wrote (26138)	4/14/2000 2:12:00 PM
From: j g cordes	Respond to of 70980

A 28 month moa of the Dow set the low of '87.. continuing that line to today would be about 9650. That same 28 mmoa for the Naz in '87 was insufficient to hold the worst intra week lows.. yet even a 28 month moa of the Naz would project today to 2564. These are just moa's and nothing more. Its an easy trap to get into saying what 'levels' a proper correction is or isn't. All we can go by is what typically happens or has normally happened in the past. Unfortunately so many now trade using technical tools that paranoia's can quickly become reality.. even when there is no boogy man on the horizon.