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Politics : Idea Of The Day
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To: Jerry Olson who wrote (34600)10/10/2000 11:14:45 AM
From: Chip McVickar   of 50167
 
OJ,

My target is the median line at 1420 cash.(1435)
Then rethink the move.

Take a look at the daily forks for the SPX and Nasdaq.

Both These Markets:
Are near or on median lines
Near or on major Fib retraces from Oct 99-Mar/April 2000
Near and in an historically congested area.
May Gap is closed

Now it's up to ones momentum indicators and their measurements of strength/duration.

Nasdaq "M" pattern which is ominous could mean this move is short lived. Nas 3521 and then 3614 are critical.

Chip
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