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

To: Casaubon who wrote (47388)4/19/2000 10:42:00 PM
From: bobby beara  Respond to of 99985
 
after the mountain top the bears will be the leading indicators, damn i remember invoking all kinds of bearish verbage after the july 99 top and the sucker still kept doing down -g-

so has the bull trend topped and reversed is the question.

b



To: Casaubon who wrote (47388)4/20/2000 2:28:00 AM
From: Jack T. Pearson  Respond to of 99985
 
I checked about 100 stocks tonight using candlesticks. Only 20% look positive. I wouldn't be surprised to see the NASDAQ move down tomorrow and Monday. We may be in a downward channel on a lot of stocks. It will take a lot more than a lower low to get me to believe we are in a capitulation down leg. It could just be one of a series of lower lows. If there are institutions that are still planning to sell the rallies, we may go down rapidly tomorrow and Monday.


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