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Strategies & Market Trends : ciVic's market direction -- Ignore unavailable to you. Want to Upgrade?

To: ciVic who wrote (11)	10/7/2000 1:54:43 PM
From: HairBall	Respond to of 93

ciVic: I say we hold that. unless that breaks I am not changing my status In other words...if the recent low holds for the NDX you are sticking to your call that it was the bottom to this major decline. However, if the price action moves below the recent low, you'll change your mind, right? (Kind of hard not to don't you think...<g>) NDX low Friday was...3262.80 Regards, LG

To: ciVic who wrote (11)	10/7/2000 5:54:23 PM
From: Jerry Olson	Respond to of 93

you may need some hand holding soon.. call me....

To: ciVic who wrote (11)	10/8/2000 12:17:06 AM
From: Michael Watkins	Respond to of 93

the reason for the tank today was that the DOW broke a small 5 day uptrend...so that was the scare fall. the DOW hit support at the bottom and let's see if we cn recover from it. I think extrapolating what 30 stocks on the DOW might have in terms of impact on 100 issues on the NDX and 500 issues on the SPX is, well, hard to extrapolate. Looking under the covers of the Nasdaq, accumulative volume continuing to show sustained selling even on rallies plus new lows expanding on rallies was warning enough. Still no obvious signs of capitulation... intelligentspeculator.com