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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey -- Ignore unavailable to you. Want to Upgrade?


To: David Lee Smith who wrote (63)7/19/2000 1:01:01 PM
From: Stcgg  Respond to of 281
 
BEAR MARKET UPDATE -

Nothing has changed since my last post on July 16th.. Watch for the following indicators..

Dow below 10525 indicates the bear market is intact, Dow below 10336 is confirmation, expect a fall below 9732 once this occurs..

SnP below 1472 is good indication that the next leg down in the bear has begun, leading to lower lows than Apr/May..

Naz below 4054 (97 in the QQQ's), is good indication that the next leg down in the bear has begun, leading to lower lows than Apr/May..

Should Dow climb above 10863, SnP above 1533 or Naz above 4475 (105 20/32 in the QQQ's), the bear case would be negated..

For an in-depth understanding of Elliott Wave Theory, including timely updates on the market, please visit their site at.. elliottwave.com

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