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I wouldn't go so far as to say a bull market is forming, far from it.
The lemmings that got their lunch eaten by this last decline are wiped-out,
and it will take a hell of a long time for the next batch to amass enough
money
to form another bull market.
We are at best, in a bear market up leg. I wouldn't get to excited about
it, unless you
are a bear and are waiting to pounce on the next inflection point.
JT
----- Original Message -----
From: "Carl Vanhaesendonck" <carl.vanhaesendonck@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Tuesday, January 16, 2001 2:48 AM
Subject: [RT] Re: The Reason for Nasdaq's Temporary Bounce
> Just one comment, I made the following observation re Nasdaq and
> Volume:
> The last months were characterized by an inverted volume behavior
> (increase in volume when prices decreased, and decrease in volume
> when prices rised. From the 1st trading day this year, this has
> changed: the volume increased increased and decreased in synch with
> price, which would suggest a bull market is emerging.
>
> With most indicators, like MACD, there has been not one, not 2, but a
> triple bullish divergence, which is quite rare and also could
> indicate the down-up trend reversal has already started.
>
> We will see...
>
> Carl
>
>
> --- In realtraders@xxxxxxxxxxx, DH <catapult@xxxx> wrote:
> > > For me the evidence is building that we have a significant bottom
> at least
> > > as good as fall 1999.
> >
> > Further evidence, David Tice was a holiday guest host on CNBC today
> and
> > was answering questions from little old ladies in investment clubs
> about
> > how to short stocks. :-)
> >
> > --
> > Dennis
>
>
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>
>
>
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