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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (5074)	4/5/2000 1:23:00 PM
From: Arik T.G.	Read Replies (1) of 5676

>>It could happen straight away or in two phases: first a drop this morning, then another try at the resistance area (not over 4300, I guess) and then a more orderly decline (2-3 sessions) to a new local low. Well, the Naz fell this morning and has tried the 1st resistance level @4200. In the mean time it is forming a rising wedge starting yesterday around 14:00 Now it is faking a break of the resistance, but not the wedge (currently 4270 area) I'll be more willing to believe the Naz if it breaks up from the wedge, which should happen before 15:00. The strongest TA prediction is is the Naz drops under 4100 it should see 3900 quite soon. ATG

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