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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (4137)4/27/1999 9:17:00 AM
From: Arik T.G.  Read Replies (2) | Respond to of 5676
 
>>Now what?

The T/A is mostly bullish.
-NYSE big inverse H&S neckline was broken, retested and held (look at a two years chart).
- EW bearish count negated
- AMZN emerging as sector leader
- NASDAQ completed V correction and went to new high

Now we wait for another increase in volume. I guess 1.2B days on up days on the Naz are not enough. Maybe 1.5B distribution days will do.

I've seen manic buying before, but this time is without precedence.
I guess the crash phase (two-three months from now) would halve the NASDAQ, internet high flyers could shell 3/4 and more. The biggest "dip" in history, compared only with 1987.

ATG