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

To: iod_sherwood who wrote (643)	10/13/2000 6:59:44 PM
From: TraderAlan	Respond to of 8925

iod, Oh, in that case I agree with you <g>. Yes we're bouncing and it should make a decent trading environment after we test this low short-term. BTW I'm semiconductor bear, just from watching the semi cycle over the years. When they start to roll over, they're usually good for an 18 month bear market. BTW this low looks dreadful at first glance for a longer term bottom. Much more distribution on this 2nd low than the first. That's all wrong for a double bottom, where you expect much lower volume on the 2nd low and a higher low on acc-dis readings. My multiyear accumulation-distribution indicators are rolling badly. This is my favorite ;-) : hardrightedge.com Everything is in place at this point for a descending triangle type failure. The weekly looks somewhat like the Adam and Eve top I write about at my site. But I usually look for a lot more bars going into the 2nd bottom than the first and we don't have that. To break the downtrend, in any case, we need to jump above 4K in the next 4-6 weeks. Alan