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

To: 1podstock who wrote (35034)	2/28/2002 7:13:38 PM
From: Robert New	Read Replies (1) \| Respond to of 99280

Sounds like we might get one more chance to add to positions before the Nasdaq makes its next leg down. Until the upper line of the current downtrend is taken out on the Nasdaq (currently at 1795)the downtrend continues...I currently have the lower part of the channel at 1660 so if 1700 goes I'd expect us to move to the 1650/1660 level. For a 20 point move down in the Nasdaq we got some very nice company specific selloffs. With companies like GNSS/RSTN imploding today I think its a bit premature to call an end to the bear market as of yet...