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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (10259)	10/5/2000 11:07:09 AM
From: Allan Harris	Respond to of 42834

Wally, the author of your linked article wrote on September 1 that at 4234, "the Nasdaq looks set to make fresh highs around 4500 (at the least)"[although]"The Nasdaq could retrace to intermediate support (4150) or all the way to major support" (4000) worldlyinvestor.com That was THE Intermediate TOP of the NASDAQ from which it has already fallen 20%, a move that some would call a bear market, in a little over a month. Then there was her call on June 12, just before the NASDAQ rose another 20% into the July 13 summer high: "Charts Say Nasdaq Rise Will Sputter" worldlyinvestor.com So now she's bearish, again. Good. A

To: Wally Mastroly who wrote (10259)	10/5/2000 11:59:23 AM
From: Mr. BSL	Respond to of 42834

I Don't know this writer Wally. Looks like Allen has her figured out as a contrarian indicator. We probably test Tuesday's closing low in the next few weeks. If you are a big cap NASDAQ investor, you may get a buying opportunity after a restest and the a follow through-day (price up at least 1% on higher volume). In general, I'd follow the MDY and the current market leaders I mentioned a few posts ago. (i.e. see IMPH today) The big caps are coming back to earth and the smaller companies are having their day in the sun relatively speaking. Dick