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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: The Phoenix who wrote (11959)1/4/2000 6:49:00 PM
From: Jorj X Mckie  Read Replies (2) of 63513
 
1. SPX key support at 1390
2. NDX support at 3530
3. DJIA support at 10900
4. NASD broke support on the 10pt and 20pt charts, but has done a 50% retrace off of a high pole.

5. Bullish percent charts are at a low level which indicates a limited selloff, even if they were negative and most are positive.

6. Jubilant bears claiming victory

7. Put levels are much higher than in recent times.

8. That's all, and certainly I wouldn't base a decision to get back in on that. I would wait for the market to show the way before diving in with both feet.
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