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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: DlphcOracl who wrote (13679)12/3/2000 9:31:18 PM
From: ratan lal  Respond to of 39683
 
It is not at all clear to me whether the action late Thursday afternoon and Friday, taking the NAZ from 2524 to 2640 qualifies as an initial strong reversal.

IMHO it appeared to be a combination of short covering, day trades and sell on any strength. Also TA shows a further decline coming into the market.

Most investors are now scared that the bear market and recession may come.