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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (14992)	8/24/2001 1:52:57 PM
From: geode00	Read Replies (2) \| Respond to of 42834

Don't follow Hays that closely but as I understand it a high arms index number calls for a bottom within a few weeks. The last high was around the end of March and it took the NAS a week or so to bottom out. His last bullish reading was a week ago so he still has the opportunity to be right....and wrong! From TSC: As for the Nasdaq, he said it "may have one more plunge, but will do like [it did] on April 3 and will bounce quickly." To recall, the Comp rose over 40% from its April 4 closing low to its closing best on May 22. Should be interesting