Stock O'holics Investing University

[mick]

NDX Bear Market Targets ,,, excerpt.



There seems to be as many definitions of bear markets as there are
stars in the sky. Many folks like to talk in terms of percentages- 20,
25, 30% down and so on. Others prefer to point to breaks in certain
long-term averages. Mostly all have some impressionistic sense of
magnitude, swiftness and pain of the drop.

Personally I like to think of a downturn in the 20 week moving average
and a touch of the lower weekly bollinger band (2 standard deviations)
as sufficient determiners. Speaking of which, the lower BB is now in
the same area as the remaining two NDX gaps created in the recovery
zone from the Summer 2006 selloff: 1451.88-1457. 11 and 1486.74-1493. 74.

Look to be reachable downside targets if this is a bear market with
real teeth.