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S&P 500
5,308.15
(
1.17%
)
US TECH 100
18,138.40
(
1.69%
)
Dow Jones
39,908.00
(
0.88%
)
Brent Oil
82.91
(
0.31%
)
Bitcoin
65,913.50
(
-0.52%
)
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JXM

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JXM

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Re: Foxlette post# 8

Wednesday, 05/08/2002 1:38:38 AM

Wednesday, May 08, 2002 1:38:38 AM

Post# of 56
Market thoughts

I believe that we are going to have a little rally here. I also believe that this is a shortable rally. We have not had a capitulation yet and a downtrend like this doesn't end with a whimper.
I believe that the attacks of 9/11 interrupted the bottoming process. We were on our way down, but the attacks drove the stockmarket down too far before the market had enough time for real mending. I believe that the next big selloff is "the" bottom. But I also think that it is going to happen sooner rather than later.

COMP daily with notes.

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]daclyyay[d20010307,20020507][pb50!b200][vc...

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