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To: cybersaavy who wrote (6161)3/17/2001 7:50:02 AM
From: Teresa Lo  Respond to of 8925
 
It had it's chance, but then it died again in the last hour. Seems to me that if there is going to be any bottom to "pick", it will be off the daily charts, if not the weekly charts.

Also, note the S&P weekly chart, the one we have been writing about for months, has now a "broken neck" by any definition:

ottographs.com

If you follow a lot of the top S&P stocks, they're looking dangerous, since most of them have, so far, not sold off that much, or have bounced a lot over the last few months. Should they finally go...the measured move of this head and shoulders is pointed to SPX 900. GAK!

T.



To: cybersaavy who wrote (6161)3/17/2001 9:34:41 AM
From: Jill  Respond to of 8925
 
Interesting, because Teresa, in comparing NAZ to Nikkei, targetted 1757...



To: cybersaavy who wrote (6161)3/17/2001 10:03:42 AM
From: Not_Active  Read Replies (1) | Respond to of 8925
 
Nice chart, and I would have to agree with the general target, although the Fed could cause a brief rally before another thrust down. We should be getting to the point where there is true capitulation and some consolidation in the funds industry as money flows out to cash instruments.

By the way, today's local business section had a drawing of a grizzly climbing a tree to get at a soon-to-be retiree perched at the top, with the headline 'I won't even look at my 401(k). I know it's a disaster' -- article encourages pulling out of stock funds. Nice advice, a year late.