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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 678.85-0.3%4:00 PM EST

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To: drsvelte who wrote (25824)3/30/2000 10:53:00 AM
From: Johnny Canuck  Read Replies (2) of 69061
 
Doc,

We got the gap opening, but the rebound is not as strong as I would like. I am getting a continuation signal of the downtrend on the COMPX. This is a new system, so I am not sure how accurate it is. I expect 4540 to hold as a near term low if we break lower again. Traders are still selling any small rally in stocks. On the plus side, news is moving stocks to the upside ie ... TLAB, SEG.
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