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To: Lucretius who wrote (12082)8/18/2000 10:32:56 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Luc, Saying it over and over does not make it so. If we really do take out the dominate line on top of the NASDAQ highs, this is the most basic TA signal there is. Some of TA is about as reliable as reading goose entrails, but this sort of simple trendline S/R is very reliable.

If this trendline is taken out, I will no longer argue that we are in a bear market.

When would *you* agree that we are not in a bear market?

When we take out the secondary high of mid-July?

When we take out the all-time high of March?

It is too late then. The fix will be in and the longs will be looking for puts/shorts.

Since April lows, we are making higher highs and higher lows.



To: Lucretius who wrote (12082)8/18/2000 11:54:10 AM
From: re3  Respond to of 436258
 
one character on bubble vision mentioned that the avg stock on the nas had declined 55 % from their peaks b/4 the nas rallied. this compared to, what 37 or 39 % for the nas index decline. so, yeah, when you are stuck with lsi logic or lilly or something other than intel on the nas, it IS a bear mkt.


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