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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (46638)	4/16/2000 1:08:00 PM
From: Jill	Read Replies (3) \| Respond to of 99985

Is that a contrarian indicator? Some say they use these boards for that. I will say if anyone half planend ahead (not me sob sob) this is an incredible opportunity isn't it

To: Boplicity who wrote (46638)	4/16/2000 1:48:00 PM
From: Return to Sender	Read Replies (1) \| Respond to of 99985

Greg, we will get a rally. The question is when and from what level? I personally believe that there is quite a bit more selling on the immediate horizon. Take a look at this chart of the Nasdaq Composite. Run a line from support levels seen back last October and you will see that even after this much selling that many pure chartists believe that there is much more room for pain on the downside. A real support level might be found around 2,632. That was the low registered on October 18, 1999. bigcharts.com I think the selling will end fairly soon but we will get a lot of pain before that happens. Another Black Monday? It might not end that way but it sure could start out like it. I'm afraid that a second Black Monday is entirely possible despite all the recent selling. Yes there is plenty of money on the sidelines but it just might stay there until we reach a point of total capitulation. Real support apparently lies hundreds of points lower than where the Nasdaq closed on Friday. Anything positive that we can take out of this situation? There are always positives including the tremendous amount of pessimism. Technical analysis is not an exact science in my opinion, rather just a tool to help eliminate emotion. Here is a big positive. We have an incredibly oversold condition on the Nasdaq. The entire Nasdaq is close to only 20 on a relative strength basis. The lower Bollinger Band has been violated again telling me that we should get a snap back rally soon. Those investors who can withstand the pain of margin calls and inflationary fears will have a chance to add revaluate their portfolios and invest in quality companies at much more reasonable prices than just a few weeks ago. RTS

To: Boplicity who wrote (46638)	4/16/2000 1:49:00 PM
From: 10K a day	Read Replies (2) \| Respond to of 99985

:0) very well said.

To: Boplicity who wrote (46638)	4/16/2000 2:13:00 PM
From: Oak Tree	Respond to of 99985

I will remind you that the biotechs and dotcoms have several things in common. Very few of them actually ever make any money, but they are both so seductive that people throw money at them. Its not really that much of a surprise that they have fallen, just that it happened so fast.

To: Boplicity who wrote (46638)	4/16/2000 4:24:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 99985

Question to the bears. Now that your time is near for the glorious event, and your hard earn work has to paid off. What will you do once the market finally is done selling? Will you always be a bear, or will you go long? I'm starting to count the bears as potential buyers now. If the naz so happens to cross and go lower then 2900, there will be a rush of capital coming back in. I just don't see a wimpy bottom, demographics, covering bears making there paper gains real, bulls with cash, not just here in the states, but world wide. All the bears should have their fear factor at it's highest level now more so then the bulls if you are being smart about it. It's crowd now you are not alone, bears have been joined my the masses in negativity, your have become the consensus, not the bold swimming against the tide loners you once were. G