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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (5315)	10/3/2000 5:57:14 PM
From: morbere	Respond to of 65232

still a ways to go perhaps this was Wordon (TC2000) report last night - Assessing the Ground Below For the Nasdaq, the August low has failed on a closing basis. Next test is the May low. However, lows don't make good, permanent support levels. So we may as well assume the May lows will fail. We now think our original worst-case projection last March of something approximating last year's highs seems logical. That would be down around 2800. The Dow is in a little sidewise cluster that looks like a typical continuation pattern (on the downside). The 27-day TSV has formed a positive divergence, which offers some hope – but the negatives outweigh. If the Dow breaks out on the downside, we doubt that the spring lows will hold. We wouldn't have much more confidence in the March lows. The 1998 highs (around 9200) could be where the winning stand is held. That's quite a way down.

To: freeus who wrote (5315)	10/3/2000 9:22:46 PM
From: AllansAlias	Read Replies (1) \| Respond to of 65232

<duplicate message>

To: freeus who wrote (5315)	10/3/2000 9:23:41 PM
From: AllansAlias	Read Replies (1) \| Respond to of 65232

I am a humble student of the market, so please do not think I am making fun or whatever just because I post on CFZone. I just wanted to humbly compliment you on your post that you will be getting out on strength. History tells us that in permabulls are like frogs put in cold water that is then heated to boiling -- they do not notice until it is too late. Live to invest another day. Great advice. I expect a little more down, then a small rally that will setup a larger downturn, bwthdik. All the best. --Allan edit: My apologies. I screwed up and thought I was PM'ing freeus. I had no intention of posting to the thread.