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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Area51 who wrote (3262)5/23/2000 11:04:00 PM
From: J. P.  Read Replies (1) of 19219
 
I see next support below 3000, more in the 2700 range. The only support I see after today on the Nasdaq chart is the old resistance from last Fall. Also notice that the Stochastic oscillator is in a position that I believe portends a further near term drop. (Naz and Dow)

clearstation.com

I think that the technical damage is so great here that it's going to take 6 months or more to work off the overhead supply on most stocks. Look at the chart for KANA:

clearstation.com

This is now your average chart....So much for new paradigms and new economies....
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