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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject8/22/2000 2:45:34 PM
From: 1newportbeach1   of 100058
 
Kinetic Update, like we don't already know:

NASDAQ is jumping around and as of right now the rally was
short lived. 3953 as first support.

The upper boundary of the "Big Triangle" is about 4050 and
so far it's obeying that resistance.

I expect the rest of today to be full of head-fakes. You can
imagine many novice traders becoming biased on these jumps
back and forth and getting whipped around. It will take a
day or two for the real reaction to surface.
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