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

To: Dr. Voodoo who wrote (5813)	2/23/2001 3:21:37 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

Things have been moving down so long and so directionally that a bounce here is not out of the question. The slow movement on the SP after breaking important support was a key sign. We need to be on guard here, and develop some scenarios. Rather than pick a "bottom", a longer term investor is going to see what happens on the first significant retracement. Assuming of course that an uptrend even develops the daily charts.

To: Dr. Voodoo who wrote (5813)	2/23/2001 11:43:52 PM
From: pressboxjr	Read Replies (1) \| Respond to of 8925

Has anybody ever looked at a "weekly" Nas chart and how similar things are to 1998? Now, I know things are a lot different now than they were then, but c'mon, Nas and Dow both are oversold horribly. I am looking for bounce to around the 2500-2600, then it will be time to load up the shorts again. Oh, by the way, try drawing some extended lines on the charts and you will see what I am talking about. Good luck to all