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Politics : Idea Of The Day

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To: GROUND ZERO™ who wrote (31545)5/24/2000 1:31:00 PM
From: James Strauss  Read Replies (2) of 50167
 
GZ:

The Nasdaq appears to be on its way to testing the 2900 area... The New Lows on the Nasdaq overpower the New Highs by a factor of 39:1... This type of lopsided ratio is usually seen at bottoms or breaks of support to lower support... finance.yahoo.com We'll know in the next few days...
chart.bigcharts.com

bigcharts.com

The break of the 3200 double bottom support was a big thing on a closing basis... There is a pickup in volume today... Perhaps we may be entering the Climax selling phase...

Jim
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