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Re: pegwatcher post# 287

Saturday, 08/07/2004 7:42:59 PM

Saturday, August 07, 2004 7:42:59 PM

Post# of 390
we're we actually in a bear mkt this year, or are we starting one now?

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]waclyyay[pc42!d20,2!f][vc60][iub9!uh9,3!ud20...

notice the macd on the above chart making a new low...and the extreme oversold conditions on the weekly. implying we need to becareful of calling a bounce here a bottom

yes, my position is changing slightly...but that's what happens when you step back and look at the bigger picture.
i think we could be bottoming, but we won't know for sure until the retest..



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