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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (5510)	2/7/2001 7:17:51 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

Interesting day; I guess tomorrow we'll see what the market can put together. I don't think today was much of a day for bullish scenarios: - downvolume 15.5 / 4.5 on the Nasdaq - swings on the 45 minute chart, downswings are longer than upswings. Reinforces the downtrend - regardless of the close, today was a lower high and lower low than the previous day. Until one, better two, higher daily highs and lows are in place, the downtrend remains even on the daily chart A strong reversal is needed; a big thrust on significant volume - we haven't seen that so if I had to bet a nickel, more down before up. But each day is a new one... intelligentspeculator.com Re confidence, agree 100%. VIX is far too low given where things are at. intelligentspeculator.com So in general, I believe more down than up but one day at a time...