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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Devin123 who wrote (34726)	9/8/2001 11:26:12 PM
From: puborectalis	Respond to of 37746

Technical factors Technical indicators show that the market is due for a rebound. "The market is very oversold at this stage of the game," said John Bollinger, founder of Bollinger Capital Management and creator of the technical indicator Bollinger Bands. But what's scary is what's worked in the past doesn't seem to be doing anything now -- the market hasn't responded despite numerous positive technical set-ups. "We're really in an environment that's unfamiliar - it's unfamiliar in a most profound manner," he said. "There is genuinely something different about this market." "In the history of the markets this (past) century, we have never had a meaningful (market) decline in a declining interest rate environment," Bollinger said. "That means a lot of tools and maxims and analytical strategies we employ need to be handled warily." For next week, he doesn't see a catalyst that would move the market higher. But he thinks it's better not to fixate on one indicator, for fear of missing other signs. "You can't know right now" what the market is going to do, he said. "Any analysts in their right mind has to be bullish right now." But they're not because the market keeps sliding.