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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (577)	10/12/2000 9:33:10 PM
From: CharlieChina	Read Replies (1) \| Respond to of 8925

Whats interesting is that the Directional Movement Indicator is reading 46.13 using (13,13) on the NASDAQ Daily ... over the past 6 months a reading of 60 ususally signifies the end of a trend ... hence, ... the increments are rising 2 points each passing day ... therefore, ... 60-46 = 14 .... 14/2(increments) = we might have another 7 days on the downside to go ... thats puts us at Monday, October 23, 2000 ... that would be a nice Black Monday to flush the toilet for the short-term at least as you know ... indictors are just guides ... and should be used with caution ... just an observation ...

To: TraderAlan who wrote (577)	10/12/2000 9:41:41 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

Agree totally...they can't take much of this anymore for sure. It's do or die, now or never time. My sense is that retail has been buying on the way down, so perhaps the usual rule of having to disgorge will work it's way again, and then the bottom will be made.