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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: JLS who wrote (23968)	4/14/2000 2:51:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

We are now on the verge of hitting new lows across the board. . .hopefully that will pry the hands out of the pockets of some of these institutions, hedge funds and bigger players. . .

To: JLS who wrote (23968)	4/14/2000 3:06:00 PM
From: ~digs	Respond to of 57584

FWIW, more historical info... When the Nasdaq crossed its 200 dma in August of 98, and stayed below it for approx two months, there was never more than a 15% disparity between the two (I'm talkin COMPX here). Below is a daily chart I've constructed showing this historical info... the red line is the 200dma (white is 50dma): geocities.com So then, using the logic behind these technicals... we could say that the current COMPX price could still fall to about 2975 (15% less than the current 200dma). Here is the current situation: geocities.com I do not know where we are going short term... I remain 100% cash and might not trade again for months. There needs to be a definite uptrend before I'm interested. This is some pretty hairy stuff... ------------ Old definitions: -negative 10% a correction; negative 20% a bear market New definitions (for an index that has nearly double in a short time frame): -negative 25% a correction; negative 50% a bear market Conventional wisdom is no longer... these are the days of volatility. ---------- One stock that I've been tracking... EXLN: note the ongoing strength today after having bottomed early in the AM. I think this could be a high flier later in the year...