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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (16583)10/10/2000 2:53:39 PM
From: Smart_Money  Read Replies (1) | Respond to of 24256
 
The bounce was not high enough....lower lows coming.



To: hotlinktuna who wrote (16583)10/10/2000 2:54:07 PM
From: BarbaraT  Read Replies (1) | Respond to of 24256
 
I agree ... when the market tanked in April I took a beating and never fully recovered. Came back half ... now down even more. Three steps back and 1/2 step forward .. or is it 5 steps back.



To: hotlinktuna who wrote (16583)10/10/2000 3:39:32 PM
From: SirRealist  Read Replies (1) | Respond to of 24256
 
This is more than a seasonal drop. Essentially, it's pt 2 of a correction begun in March. The Fed is dropping us to a slower growth channel and hoping to do so without killing the mkt.

If you guys'll check back later, by about 8 pm I ought to have a chart link up that (I think) defines it.

In the meantime, I hope you folks are mostly cash because tomorrow will not be boring....


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