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Strategies & Market Trends : Waiting for the big Kahuna
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To: Peace who wrote (48506)9/19/2000 1:22:26 PM
From: Chip McVickar  Read Replies (2) of 94695
 
Peace,

Lets give the Nasdaq market a little room for noise and say that 3650-3700 is the 'v' in the "M".

When this is broken the charts (forks and fibs) suggest that the "rest area" on the highway is near 3500. After that the old lows should be tested at 3050.

But if this one responds like the way the March and the earlier the Utilities "W" it could go much further on any significantly bad news. Have to take each mark as it comes.

Chip
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