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Strategies & Market Trends : Point and Figure Charting

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To: PuddleGlum who wrote (23993)10/14/1999 12:42:00 AM
From: Tulvio Durand  Read Replies (1) of 34811
 
Hey, PG, am here. Sorry not to have responded sooner.

As I see it, S&P 500 (SPX) nearly made it to the BSL (support) today at 1280 (low of 1282.8) and bounced off. Futures looking strong tonight (S&P-500 DEC at +5; NASDAQ-100 DEC at +13) which bodes well for a rally at the open. We might have seen the worst of it for a while.

I picked up more of my favs today, EMC, QCOM, JDSU; also bought ETEK, HLIT. Latter two, near support levels, for short-term play with stops in place.

Tulvio
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