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Strategies & Market Trends : Galapagos Islands
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To: Techplayer who wrote (2791)9/25/2002 3:17:56 PM
From: bramble88  Read Replies (1) of 57110
 
I think 1221-1225 resistance will probably be retested this week, maybe tomorrow..(I don't actually think the COMP has quite given up on it yet today..)

There is a more significant line I think I want to watch: if you extend the line connecting the July and August lows, it runs through ~1240 at this point. It was first broken through last Thursday, and this, if we do get to test it, I expect to hold until we've seen some real capitulation..

Hope that makes any sense. All IMHO, of course.

-BRMBLS
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