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Strategies & Market Trends : The Options Box

QQQ 610.54

-0.5%

Dec 15 4:00 PM EST

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To: Poet who started this subject	9/15/2000 3:48:17 PM
From: Lost to Voodoo	Read Replies (4) of 10876

Damn! It's just too close to call. I almost wrote a post that I thought COMP was bottoming, that this was a pullback to the bottom of that last daily wedge, and then I realized that we're significantly under that support trendline that catches the lows from May and early August. Unfortunately I don't find the daily RSI to shed any light either. I'm not convinced we'll keep going down Monday (we're right at a pretty significant support convergence), but can't rule it out. Edit - Well, just that little lift at the end was encouraging, even though it didn't quite get us over that trendline. I was sort of hoping/thinking it might do that. Might be close enough, we shall see...

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