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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: horsegirl48 who wrote (33926)10/24/2000 12:17:57 PM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Horsegirl,

>>>> Donald I thought you said the sell off coming will not be that strong. <<<<

I try to be as specific as possible. Im not expecting the forthcoming pullback to be strong, and as I often reference, 1-5 days. Also for the mid-term(30 days-mid NOV) I feel that the mid-term bottom, which doesnt mean that we cant get another retest.

What happens if the forthcoming short-term pullback is not strong but the forthcoming short-term rally is weak and produces a LOWER HIGH. I specificly stated 1-5 days, but that doesnt mean that it cant go lower later and even see a retest.

Now after mid-NOV, I have to see more clues as I mentioned yesterday that my expectations of a year end rally was not lining up with the 9-month cycle. So I would NOT ignore the possibility of another LOWER BOTTOM before the end of the year, although for now, thats less of a chance.

Longer-term, I am still bearish and will continue to be bearish until the NDX is able to significantly break above 4200, producing an important HIGHER HIGH.