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Re: Nasdaq to 1800



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----- Original Message -----
From: "neo" <neo1@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, October 20, 2000 1:44 PM
Subject: RE: Nasdaq to 1800


> The 200 day MA has turned down and that is a strong sign of a bear market.

Hello Neo :

Interesting point you made :

i agree with you we are for the 200 day MA in a dangerous area but
i think it's a little to early for the defenitive conclusion :  a level of
below 3600
for the 200 day MA this year would be probably the killer of the Bull.

Theo L.






> 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
>
>