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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: The Phoenix who wrote (29548)4/20/2000 12:41:00 PM
From: Ms. X  Read Replies (1) of 63513
 
I had commented the other day that if the Nasdaq pulled
back normally there would be a huge cryout that the world
was coming to an end - or at least the market.

Actually, today is a nice pullback looking at the chart.
Unless it breaks support this is quite fine. If it breaks
support again I'll be more pessimistic.

4000 ---------------O X O --------------4000-
3950 O X O 3950
3900 O X O 3900
3850 O X O X 3850
3800 O X O X o 3800
3750----------------O X O X o-----------3750-
3700 O X O X o 3700
3650 O O X o <--Today's pullback so far
3600 O X 3600
3550 O X 3550
3500--------------------O X ------------3500-
3450 O X 3450
3400 O X 3400
3350 O X <--Pullback can come back this
3300 * O X far and still be good.
Bounce off the bottom-->O ---------- Bot3250
3250 <--A pullback here would be bad.
3200
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