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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (78998)	10/20/2002 6:31:25 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 208838

The retrace theory is more of a rough guide to me. I don't see how it can be considered anything but that after some of the recent movement. I still think it is valid, but more from an overall view rather than something that you can trade off of. My bearish views are based more on the nature of the rally (classic bear market rally) and how it compares to earlier rallies. Looking at the Naz The march rally was an 11 day event off of the lows, but only 7 days of really aggressive advances. April rally was 4 days The May rally lasted 8 days. And the rally off of the August lows was 13 days long This rally is 7 days into it's run. On a percentage basis, we are also near the limit of these bear market rallies. March 14% May 13% August (from august low of 1205) 18% October 14% Looking at the gaps, this rally has a lot more in common than with the August rally. And..... Grub