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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: PJr who wrote (4326)	8/28/2002 2:28:15 PM
From: GROUND ZERO™	Respond to of 207222

Hi Pat, I'm not insisting we'll see those levels, but I am suggesting that based on the current technical condition of these markets, those lower levels are both arguable and reachable... those lower levels are where we could see reliable support if these markets did take that kind of dive, which I submit is very well within technical possibility... time frame? That's a tough one, I hesitate to offer any time frame, but if I had to, I'd say within 12 to 18 months... this is, of course, if the selling continues... I'm not factoring in any fundamental phenomenon, just a quick technical snapshot of how it looks to me... I could certainly be very wrong, but I'm now short all the three major indices as of yesterday and it has been a while since I've been that confident of such a sell off... but just in case, my stops are in...<g> GZ