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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (2480)3/9/2001 8:00:30 PM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
Mania UP. Mania Down. Looks like SI marked the start of the 3rd phase of the Nazdung bear market with Fleck's rap leaving.

I have traded stocks for 15 years, and I've never seen a bear market as ugly as the one in the Nazdaq. And the funny thing is- From your LT chart, it may have another 40% to go. Prudent people do not try to catch bottoms looking into a 40% dive. Or if they do- they sell out quickly. <g>

As Michael suggested. Don't fight the trend.

It will be pretty hard to convince the public this is not a bear market when they see new lows weekly. This is definitely Phase 3 by most accounts. New Naz lows are not as high as would be expected yet, but otherwise, it fits most all of the reqmts.

Regards,
TW



To: Paul Shread who wrote (2480)3/9/2001 8:58:55 PM
From: Trumptown  Respond to of 52237
 
I saw that too...and it did

Psychology out there is just about the inverse as well...the irony is that it's on the anniversary of the 5k high...

SR