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

To: Dan Duchardt who wrote (12158)	5/9/2002 10:06:03 AM
From: bobby beara	Respond to of 19219

but this chart shows that on a percentage basis the trend for Nasdaq 100 has been persistently downward for the last two years. <<< ya, but like i said, since the ndx made a momentum bottom on april 3rd, we are about 75 points lower, not exactly a windfall, if you have remained a permabear during this whole period, most permabears have been shaken out during the rallies. I agree that the current downtrend remains intact, and one day doesn't make a trend, there are some hurdles above to get over. stockcharts.com[w,a]daclyiay[d20010324,20020509][pa1350!a1300][vc60]&pref=G for the bullish case, i wouldn't want to see ndx 1230 breached on a pullback of this rise