Ask DrBob Message Board - Msg: 14342826

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Strategies & Market Trends : Ask DrBob

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To: longdong_63 who wrote (3602)	9/7/2000 11:52:28 AM
From: Louis V. Lambrecht	Read Replies (1) of 100058

LD - IMHO everybody waits for a re-entry at low levels. Relative low volume (675 mil currently) suggest that major participants are waiting. But 4140ish (next resistance to be tested IMHO), we would be back in the 3 months old upwards channel again. We could also have had a shorts squeeze, and resuming the downward trend Also, if I am correct, tomorrow will be the day when futures front quarter will change to Dec (ND00Z, NQ00Z) and funds will have to update their tables. So, expected volatility ahead.

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