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To: Alias Shrugged who wrote (28041)10/13/2000 2:23:24 PM
From: Jorj X Mckie  Respond to of 436258
 
it really isn't based on pts on the naz or ndx as far as the bullish percents...it would take an extremely broad based rally where buy signals are generated on a large number of stocks to reverse the signal.

A rally to 3500 on the naz would be pretty convincing, but I would expect a pullback along the way before it continued up.

Whereas I am positioned bullish right now, I never saw a convincing capitulation, so I think we have more to go on the downside.