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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (14196)	9/15/2000 2:45:06 PM
From: stan s.	Read Replies (1) \| Respond to of 49816

A couple of things to remember Dale. This is just barely even a correction on the Naz, I think 3830 was the point to "qualify" and we have not even closed under that. So yes I think the naz can suffer and recover from a minor correction without full participation of the markets. If the naz truly tanks ala spring then participation will follow. But 10%ers happen on both sides in that fashion. Part of the reason for the naz surge last Oct to Feb was the divergence between the naz and Dow etc. This is painful but not yet serious. It might get serious but it's not there yet. The only thing that worries me is once the techs get in this predicament...it takes so little to set them tumbling...i.e., earnings warnings or various nuts on CNBC pushing their own agenda. Right now fear is overriding greed....dammit!! wallstreetmonitor.com I'm still looking at 3821 and 3794 as general points to hold at close...I have not really made a specific read of that trendline but I will this weekend.