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


To: Whistler30 who wrote (52007)5/24/2000 7:51:00 PM
From: Les H  Read Replies (3) | Respond to of 99985
 
block trades

smithbarney.com



To: Whistler30 who wrote (52007)5/24/2000 10:16:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
Looks like we will see a nice bounce, but this will be a bear market rally. May last a few weeks, but it should not be mistaken for a new bull market.

I still see the Dow moving considerably below 10,000 and the NAZ well under 3000 before the bulls start charging again. We still have not seen anything like the level of capitulation normally associated with bear market bottoms.