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Regardless of the wave count, my NPR indicator says a bottom in the
technology market is very close. National Public Radio did a hard hitting,
investigative story yesterday that reported that technology stocks are down
a whole bunch in the last few weeks and that they haven't done very well all
year. Although NPR is recognized for its business acumen, the media tends
to be a lagging indicator from what I know.
By the way, who is it that "capitulates" at market bottoms. I presume that
the people who manage mutual funds for a living are at least as sharp on
this subject as I am. Is it the public that capitulates? Is it the fund
managers that capitulate and am I giving them too much credit for being
sharp? Will I capitulate and am I giving myself too much credit for being
sharp?
Just curious,
Dan
>From: "Steven W. Poser \(PSN\)" <swp@xxxxxxxxxxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxx>
>Subject: RE: [RT] A GET NDX Comp 65
>Date: Thu, 12 Oct 2000 00:00:12 -0400
>
>I can see a three wave pattern possibly complete, but five waves just does
>not make sense to me. Then again, I have little faith in computer generated
>wave counts anyway. I doubt that the bottom is in -- not until 2799/2566 in
>NAZ. Of course, I've been wrong b4!
>
>Steve
>
>---
>Steven W. Poser, President
>Poser Global Market Strategies Inc.
>http://www.poserglobal.com
>swp@xxxxxxxxxxxxxxx
>Tel: 201-995-0845
>Fax: 201-995-0846
>
> -----Original Message-----
> From: SteveandAmanda [mailto:boos1@xxxxxxxxxxxxx]
> Sent: Thursday, October 12, 2000 12:00 AM
> To: realtraders@xxxxxxxxxxx
> Subject: [RT] A GET NDX Comp 65
>
>
> We seem to have precisely nailed the MOB for wave 5 down to the point
>and
>to the day. Tried to send an attachment but could not via Snagit.
>
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