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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: ivan solotaroff who wrote (38765)	3/12/2001 2:29:52 PM
From: Doug R	Read Replies (1) \| Respond to of 79477

Ivan, It turns out that shorting into this crap is easier than expected so there really hasn't been any need to go into a full inverted blenderization of it. That first post with stocks of PE over 1,000 was the initial installment of posts looking for shorts. Then the IL became a VERY popular thing since Aug. Now that list of stocks with forward PE over 150 is posted. TKCI and AMHC are close to becoming the shorts du jour. DJIA 7900...here we come. I did a little MA sleuthing on the NDX last night and noticed that the last 3 decent bounces came when price was 700 points below the 50 dMA.......you read that right...700 points below. Next spot we see that should be around 1550 which corresponds well with your cats-eye-view take on scenery. Doug R