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To: Jacob Snyder who wrote (9437)11/5/2001 10:27:36 PM
From: SecularBull  Respond to of 10934
 
Didn't I read somewhere that the time to buy is 6 months prior to the actual jump in economic activity (in order to buy at the bottom)?

~SB~



To: Jacob Snyder who wrote (9437)11/5/2001 11:06:22 PM
From: BirdDog  Respond to of 10934
 
I understand the concept of support and resistance. I understand it applies to MA's, tops/bottoms, trend lines, etc. I understand it is weighted toward support in bull markets and resistance in bears...although it is only weighted that way, and by no means has to work one way in one market. However...

NTAP has broken it's bear market downtrend line. I know the chart shown didn't show this. I use log charts...not linear. Been taught they're better?
The Nasdaq is breaking it's bear market downtrend line right now.
I don't think it's straight up from here. But do think the possibility of the bear being broken is distinct.

If I understand you correctly. You're looking at a possible resistance and thinking "oh no", we've already jumped a few hurdles (resistance), don't think we can make another (and it's a strong one). Because you don't think the bear is really gone yet. ????

BirdDog