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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (17962)	3/6/2002 9:24:40 PM
From: benchpress550	Read Replies (1) \| Respond to of 23786

lol...I let the guy who made those charts answer you question(still got the ewave for dummies handbook beside my desk) /6: Not much to add here, rally from yesterday's low appears corrective, but made a new high for the move. The 3 wave rally up makes it hard to count it as a 5, but I've labeled it just in case.. Standing aside until it clears up. Sentiment still says we take a dive from here. stoch's still seriously overbought, rsi lagging on the upward move. Given the above the upside should be limited, but this mania mentality is hard to kill. Anyone who thinks tech will recover doesn't live in silicon valley (I do). Unemployment is going through the roof here (>7%), and the AMAT's of the world are NOT hiring at all (they are laying off, still). If these guys thought a recovery was around the corner they'd be grabbing every warm body they could find. The other thing is that everyone is shouting signs of recovery. At market bottoms everyone thinks the recovery is 20 years away, if at all.