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The 200 day MA has turned down and that is a strong sign of a bear market.
That does not mean we will not get the Nov-Jan upturn. The big questions are
still out:if and when?
neo
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Rajesh
Sent: Thursday, October 19, 2000 9:25 AM
To: metastock@xxxxxxxxxxxxx
Subject: Nasdaq to 1800
Well,
I must say the day I picked is probably the right day. I dont think the
market has bottomed out. We were and are still looking DOWNSTAIRS for
the bottom . The figure 1800 is my own figure which differs from my
mentors figure (he has a higher figure). Personally I had a higher
figure than my mentor in the begining(by 400 points) and have changed my
mind since and set it lower than his.
Unless there is some dramatic change , and I dont see any Im bearish.
I know it probably the worst day to give bear talk.
Just thought I share my cryptic thoughts with you folks. Enjoy the
upside while it lasts.
Bearishly with best regards,
Rajesh
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