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

To: d. alexander who wrote (26243)	4/18/2000 9:39:00 PM
From: d. alexander	Respond to of 71100

close Tuesday T2113 37.08 (-2.16) T2109 17.34 (+2.28) T2106 -18.29 (+54.72) Mr. Worden's comments It's still acting like a bear. We've mentioned a number of times that one of the characteristics of bear markets is faster declines and faster rallies of the type we're seeing right now. If it walks like a bear and looks like a bear and growls like a bear, it's probably not a duck. We don't think the downside risk in the Dow is as great as that in the Nasdaq, but a number of the individual components that had been developing rather well are beginning to break down from what appear to be failed rallies. We don't know how far this is going to go down in either sector. But as a little kid, this guy learned when visiting the municipal zoo to never put your hand inside the bear cage. At the very least a test of the lows lies ahead for the Nasdaq, and very probably for the Dow.