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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (13379)	11/17/2002 8:28:29 PM
From: mishedlo	Read Replies (1) \| Respond to of 57110

I consider the end of the bear to be when the main downtrend line on the monthly (approximately your line on the daily running through around 1800) is surpassed. Until that happens, we're still in the teeth of the bear, IMO. are you saying you will go long at that point ot at that point the bear is over. If we hit that point straight up from here in a few months, will it will be the start of a new bear if we drop 20%? M

To: ajtj99 who wrote (13379)	11/17/2002 8:41:48 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

I have two lines going through 1800, one drawn off of March00 high/Sept00 high and the other off of the April01 high/Jan02 high. Which one do you consider more valid? I think that a more valid trendline may be the Sept00/Jan02 line (added in dashed red). stockcharts.com[r,a]dhclynay[d19991101,20021117][pb50!b200][iub14][j8272900,y]&listNum=1 I have those two points as "2" and "4" corrective waves in the 5 wave cycle. It would make sense to me that they would be the most valid points on the chart to draw the downtrend lines from. But that trendline is very clearly violated to the upside.