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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: SecularBull who wrote (80441)7/18/2001 2:32:29 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
do you see this as a technical bottom?

SB:

If the Nasdaq fills the sub 2000 gap and bounces, then I'd say yes, this is a technical bottom...
bigcharts.com

If it goes down further, then if it gets its footing anywhere above the 1600 area, we'll have the beginnings of a rising bottoms pattern... The more bullish scenario would be to bounce after it fills the gap... Either way, it looks like the April 1600 area was the bottom...

Jim