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To: GROUND ZERO™ who wrote (546)10/30/2000 7:29:19 PM
From: Magnatizer  Read Replies (2) | Respond to of 4583
 
GZ

Yes

I don't believe we are going to see a real bottom in the Nas 100 until 2612 is tested. And that is not a target to start buying long term. It is a area which must hold if/when tested to keep us in the longer term bull cycle. I am currently a short term bear. Could easily turn to longer term bear.

This week's early action is important to me. I have a 11/02 as a key date. Up into it is bearish, down bullish. Flat is, well, flat... neutral.

The key date is a magnet trendline cross which generally causes a reversal of short term trend. 2-3 days up is a short term uptrend, we already have the downtrend established.

ht
Mag