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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (31218)4/17/2000 2:48:00 PM
From: James Strauss  Read Replies (1) | Respond to of 50167
 
Ike:

We are beginning to get some late day buying...
finance.yahoo.com

The 200 day MA of 3400 on the Nasdaq is acting like a magnet which is pulling the index back up to it... If we see substantial improvement in the New Lows on the Nasdaq it would suggest a bottom... If the New Lows continue to overpower the New Highs, we'll have another 10% to 15% to go... finance.yahoo.com

Given the tremendous disparity between the New Lows and New Highs on the Nasdaq, we could be seeing the extremes before we settle on a bottom...

Jim



To: IQBAL LATIF who wrote (31218)4/17/2000 3:47:00 PM
From: IQBAL LATIF  Respond to of 50167
 
finance.yahoo.com

We did go through it 10500 on DOW, but will we be able to close above two times is the important question, the other issue is if we bounce off this 200 days MA what will be the momentum san DOT with BKX DRG DOW.. naturally slower but far better distributed and this time may be RUT will pick up real way if we have this core CPI thing out of our radar, we need one hell of a good ECI to take this thing back on track..


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