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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: SBerglowe who wrote (31451)	5/5/2000 12:28:00 PM
From: marginmike	Respond to of 42523

Yes but not to the same extent. I think we put in a bottom and retrace 50% of the downswing.

To: SBerglowe who wrote (31451)	5/5/2000 3:11:00 PM
From: Les H	Read Replies (1) \| Respond to of 42523

Isn't today day 21 since the April 14th low for the Nasdaq? The April 14th low was the 55th day since the March 10th top. 13 days from today would roughly coincide with the 55 day fibonacci low from the top for S&P 500 and the Nasdaq 100 on March 24th, and 34 days since the April 10th secondary top for the Dow, which was 89 days since the January 14th top. So much for elementary math. It would still take about 40 trading days for the 50- and 200-day moving averages to converge for the Nasdaq so that July could be the end of this basing phase. It looks like a cross between 1997 and 1998.