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Strategies & Market Trends : Rande Is . . . HOME

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To: Mark Konrad who wrote (37290)	10/3/2000 5:46:33 PM
From: Lost to Voodoo	Read Replies (1) of 57584

Hi Mark - All the significant local COMP support levels are broken now, and we have two closes below the 300 day ema. These two closes also confirm a possible head and shoulders back through August and, as of today, a double top going back through June. Measure rules would suggest a bottom around 3K, give or take 150 points. 3K also happens to be where the NAZ trendline from last year currently projects, and of course the May bottom is around there. So that's my target for somewhere between tomorrow and the end of October (unless the Fed starts pumping up money supply, which seems unlikely at this juncture). We'll see...

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