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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (549)	2/13/2001 9:18:22 AM
From: Shack	Read Replies (1) \| Respond to of 5144

Hi Cush. I already bailed on my long. I don't think we are gonna turn back up for much longer than half a day. The bulls had an opportunity to turn the ship yesterday but they didn't seem interested. I'm willing to change my tune but my gut feels like there si more down. Remember that an upwards trending stoch doesn't necessarily mean we move up. Look at mid to late September. You're chart is reflective of the bull view and it is possible that we pull up out of an inverse h&S. Here's a "dark side" Nasdaq 100 chart. Notice that despite the bull's belief that we broke the Sept downtrendline, we never had a weekly close above it. Both your chart and my chart both say that the bulls must rally NOW. geocities.com