Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (25041)	2/3/2000 1:31:00 PM
From: shasta23	Read Replies (2) of 68216

What a roller coaster today with the DOW. Down 150 then back up to neutral in 20 minutes...amazing whipsaws and that all with a very negative TRIN. NAZ is holding up but also collapsed from +100 to almost neutral and back up again. My guess is that we will fail to make a new high on NAZ or maybe touch the upper bollband of the 20SMA/2STD pattern and then pull back. I think this volatility is here to stay for a while. Great opportunities if you can play it. I'm starting to look for shorts again but it's a little too early since the indexes haven't made up their mind clearly. Stefan

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