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To: MythMan who wrote (35107)4/21/1999 11:10:00 AM
From: yard_man  Read Replies (2) | Respond to of 86076
 
Naz isn't at 2500 and I daresay it won't get there before reversing ... you need to look at a good chart



To: MythMan who wrote (35107)4/21/1999 11:20:00 AM
From: Cynic 2005  Respond to of 86076
 
MM, I expected a sharp reversal for NAZ yesterday at the magic 10% down from the peak (~2350) There are certain monkeys who press an automatic buy button as soon as an index drops 10%. Now that euphoria should die. Pay attention to the misery faced by margin buyers of mo-mo internuts. It appears as though most of them survived - thanks to these monkeys. I bet you that there are 100 to 1 odds that these guys WILL be taken out in the next 3 days. This is from somebody who has been there and done that. Dow may not crumble immediately, but the next downturn will leave with many mo-mo traders with much less money to play with. Hence we may see flatter rebounds than the ones we just saw yesterday and today. In any case, I do belive that the time for the bears has arrived. Be advised and stay alert.