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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (32587)2/22/2002 10:52:11 PM
From: exp  Respond to of 99280
 
ZEEV: Excellent point. I posted that yest (I think) saying that we need a parabolic (waterfall) drop to mark a bottom. In other words, the slope of the decline has to appreciably increase from the current 45 degree angle of the decline. See my preceding post as well.



To: Zeev Hed who wrote (32587)2/22/2002 11:44:28 PM
From: farkarooski  Respond to of 99280
 
comparing the April and September 2001 with the current market reading

the COMPQ chart:
stockcharts.com[w,a]daclyyay[dd][pc10!c20][vc60][iLb14!Lp14,3,3!Ll14]

the Nasdaq Summation Index (I would not go long until this one goes to -750 or below)
stockcharts.com[w,a]daclyyay[dd][pc10!c20][vc60][iLb14!Lp14,3,3!Ll14]
the Nasdaq Composite Bullish Percent Index (I would not go long until this one goes to 35 or below)
stockcharts.com[w,a]daclyyay[dd][pc10!c20][vc60][iLb14!Lp14,3,3!Ll14]
the Volatility Index - Nasdaq (I would not go long until this one goes to 70 or above)
stockcharts.com[w,a]daclyyay[dd][pc10!c20][vc60][iLb14!Lp14,3,3!Ll14]

none of these indicate that a bottom is near !