Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.03

-0.1%

Dec 9 4:00 PM EST

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To: Duane L. Olson who wrote (25879)	4/3/2000 3:22:00 AM
From: Johnny Canuck	Read Replies (1) of 68849

Hi Duane, I do not really do patterns so much as use the technical indicators as a mechanical method for entry and exits on stocks so take this read with a gain of salt. Some of the other posters are more experienced at patterns. It looks like a double top, but unlike the double top in January we are getting accelerating volume on the second down leg. This is not good. Support levels are at 4300 and even 3750 is possible. The lack of follow through on Monday will tell the tale. Here are some odds on the NDX home.earthlink.net

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