Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Steve_GTS who wrote (8774)	7/6/2000 12:22:29 PM
From: Dr. Stoxx	Read Replies (1) of 39683

Yes, you certainly wouldn't want to go short now. Looking at the longer-term hourly chart, there is huge support at 80, and minor support at just about today's low. So my guess is that the selling is over, and it should move up from here. Not a bad buy if you want to anticipate the signal. But to be safe, wait until both DIGL and the Naz start to gain upward mo'. PS: you'll find DIGL's chart in the thread's header. TC

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