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Strategies & Market Trends : The Thread
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To: Joe Hoek who wrote (1725)6/8/2000 11:34:00 AM
From: Mike E.  Read Replies (2) of 49816
 
Watcha think?

I'm sitting here mostly doing nothing in a "sea of indecision" on my part.

I guess 45 3/4 - 46 looks like weak intraday support.

Everyone else seems confident they want to hold long into PPI numbers tomorrow, but I'm not so sure. (There's your contrarian indicator right there!) The NASDAQ has run 800+ points in, what, less than 2 weeks? Wouldn't take much to trigger a pullback.

However, that's my gut feeling. I definitely defer to stan's chart analysis as a better read on market direction...

mike
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