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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (10524)	2/17/2002 8:51:16 AM
From: Moominoid	Read Replies (3) \| Respond to of 19219

That's right but you could try to draw the line through the previous lower peaks too and it wouldn't - it could be logarithmic (likely) or just irregular(also likely). But as I said I am seeing a nonlinear system where causation moves first one way and then the other with the peak in sentiment lagging the bottom of the market. It'd be great to get those time series numbers in a spreadsheet and play with them! :) Of course my e-wave count has us just completing the first little wave of wave 3 so I'm hardly very surprised - but maybe just a bit less nervous :) My own indicators suggest that 1405 or whatever last Friday was the bottom for the NAS for now.... I did some simulations with that too... unlimited upside potential but strong support only a little beneath ...