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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Jorj X Mckie who wrote (26143)4/4/2000 5:12:00 PM
From: Lost1  Read Replies (2) of 63513
 
I hate to say it but I think tomorrow will be more of the same...maybe the buying will come back in or maybe it will wait even longer. MArgin calls will increase tomorrow IMO. Many were hoping to be saved from them by a rally today and when it didn't happen they gave it up. That's only the first or second wave IMO. Much more to come

Looks very bad to me...look at the 50BOX NASD chart. So far none of the charts have lied when it came to breaking support and subsequent selling into lower lows

NASD chart thanks to the DWA elves: DOn't forget to add Os down to 3650. Next stop 3100 (BSL)

5250---------------------------------------------------------------------------5250-
5200 5200
5150 5150
5100 X 5100
5050 X O X 5050
5000-------------------------------------------X --X O ----X O ----------------5000-
4950 X O X O X O 4950
4900 X O X O X O 4900
4850 X O X O X O 4850
4800 X O X O X X O 4800
4750-------------------------------------------X O --O X O X O ----------------4750-
4700 3 O X O X O 4700
4650 | X X O X O X O 4650
4600 | X O X O X O X O X 4600
4550 | X X O X O X O X O X O Med4550
4500-------------------+---------------X O X O ------O --O --O X O ------------4500-
4450 | X X O X O X 4 4450
4400 | X O X O X O O 4400
4350 | X O X O X O 4350
4300 | X X O O O 4300
4250-------------------+-------X O X ----------------------------O ------------4250-
4200 | X O X O 4200
4150 X X O X 4150
4100 1 O X O X 4100
4050 X O X X O X 4050
4000-------------------X O X O X O X ------------------------------------------4000-
3950 X O X O X O X 3950
3900 X O X O X O 2 3900
3850 X O X O O X 3850
3800 X O X O X 3800
3750-------------------X O ------O --------------------------------------------3750-
3700 X 3700
3650 X 3650
3600 X 3600
3550 X 3550
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