Sharck Soup Message Board

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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	1/2/2001 11:16:54 AM
From: velociraptor_	Read Replies (1) of 37746

Look for a test of the low near 2280 now...Keep in mind that before the day started, stochastics on the daily time frame, which I believe to be the most accurate indicator, were in overbought territory. They will probably only just turn down after today, so lower lows are very likely. I stated before that 2600 is key...if we cannot break above then the rally will fail. I have also been skeptical as to whether a true bottom has been set in yet, and it appears it may not be. My lowest bottom is 2000, though odds are it will come before then, possibly between 2100-2200.

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