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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Stcgg who wrote (64432)12/16/2000 8:16:45 PM
From: John Madarasz  Respond to of 99985
 
In otherwords, this maybe isn't a 'bear mkt' afterall, the Dow and S&P don't qualify, just Nasdaq,

The Wilshire 5000 closed at 12094 on last Friday...

stockcharts.com

A 20% decline (which is typically used as a measurement to qualify a "bear" market) from the top in mid March @ 14751.6 would be 11800. Pretty close, and other measurements from more lenient levels allow for plenty of downside in this and other indices before the Fed really decides to ease.

I sincerely doubt there will be any rate cuts next tuesday. The hope for the one that doesn't come next Tues. could quickly turn to real concern...which we all know leads to...

capitulation<ggg>



To: Stcgg who wrote (64432)12/16/2000 8:22:01 PM
From: NucTrader  Respond to of 99985
 
Well of course you may be right. Here's an interesting chart. Note the dates of projected low on the right side.
village2000.com



To: Stcgg who wrote (64432)12/17/2000 1:40:48 AM
From: Death Sphincter  Read Replies (2) | Respond to of 99985
 
my GOD man..you blasphemous pig. you dare doubt the Gospel of the supreme GURUS???Spitt,Preacher,Hockmaster,Cyclechump,Gabby Hayes???? COMON MAN!!!THIS IS IT!!!the ABYSS!!3OF3 DEATH WAVE!! 1800 by year end.IT IS EXACTLY LIKE JAPAN!!!....Remember?? I am so terrified that I have been running down the street naked screaming PUMPKIN PIE LOVES ME!!!!.......... and now it is only some kind of 3 legged deal down from March? some kind of ABC looking thing?....OH, I am really bummed, and here I am poised to smear my body with animal entrails, put a Cheerios box on my head and join the WEBECLOWNEXCREMENT Thread............NOW, I'm really confused

Fetid Cheese