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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (45714)	1/17/2001 11:23:18 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

Rock, You make some good points. But it is very common for the 2nd or 3rd day to be a "relief" or "break" day, moving in what would seem to be the wrong direction. Remember what I keep saying about ignoring the Nasdaq or Dow averages and making your OWN watchlists or hypothetical portfolios to track the movement of various types of stocks? Many highly margined tech stocks closed at or near their lows today. With that said, yes, today may have been the start of a "compounded 4DML" where right in the middle of a 4DML, we gap up and get the start of another. By Friday, we should have a better idea. If it is a compounded 4DML, we could re-test some of those lows on the Naz. . . .and we would likely hit a near-term low on Monday late afternoon. Otherwise, tomorrow afternoon should be the low. I agree with you that it would seem that we are more likely to see a compounded squeeze than be done tomorrow. . . there just wasn't enough pain or enough margin calls. . .whereas by Friday there certainly would be. Thanks much, Rande Is