Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: stan s. who wrote (95068)	4/11/2000 8:04:00 PM
From: stan s.	Read Replies (2) of 108040

nasdaq, 3 minor items offer a modicum of hope on the close. it held the weak open/close straight line resistance on a closing basis that I mentioned this morning at 4025, close was 4055. a 20% correction on an open/close basis was reached at close...4048 is a 20% I believe. the pattern at close is a morning star pattern if the 3rd day (tomorrow) closes well into the real body of yesterday's close. this pattern will try and call 4025 as a bottom and if sucessful will try and signal a reversal. tomorrow's the key. the volatility was a little extravagant for a morning star but I'll take it. first link is probably best for this example. litwick.com 199.234.225.19 all this adds up to some hope but shouldn't alter sane decisions made on one's own evaluation of the market. I'm not banking on anything, merely mentioning scenarios. stan

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