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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (10527)	5/25/2000 4:37:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 24042

From that page: "A long term downtrend (a downtrend lasting months to years) in any market, especially the stock market, characterized by lower intermediate lows (those established in a time frame of weeks to months) interrupted by lower intermediate highs. From Trader Vic- Methods of a Wall Street Master, by Victor Sperandeo" Familiar, eh? For what it is worth, a commonly accepted definition of "intermediate low" (see the use of that word above) is a decline of over 10% but not more than 20%. After 20%, the convention goes, we are in bear territory number-wise. Convention also 'requires' that the drop last for a period of several months (I think 6 or so...). In terms of percentage decline we are in "bear territory" on the Naz. The tech sector, but not (yet?) in the S&P. Will the decline last for the conventionally required time? To be determined. David