For those of youse that,
missed my message this morning on RB, on Friday, the NDX hit the top of the triangle, i.e. the downtrend line from March highs and promptly reversed back down,
geocities.com
this happened about 11am at the same time that the S&P 500 hit a nudge below 1500 and the COMPX hit a nudge below Dr Bob's resistance point of 3982, I would venture to guess that we are headed back down, how far will be depending on whether the SOX begins to consolidate its gains from last week or decides to give up and roll over.
Did anyone see what happened to EBAY and YHOO on Friday, look out below on the IIX, and whats AMZN doing back in the 40s? AOL goes out at the $55 strike? I was trading RNWKs and I swear someone was propping this one up, this all reeks the "M" word! |
