DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Paul Viapiano who wrote (10684)	11/21/2000 11:18:07 PM
From: Wayners	Read Replies (2) of 18137

We got a doji star today (very slight down day but close enough). Would take an up day tomorrow to get a morning star. Seems to me we got the doji because there is a lot of indecision on the part of traders about the Florida Supreme Court ruling. We got an opinion on that tonite. Traders were either accumulating today or the sellers stopped selling to wait and see what happens with the election. I think the odds favor some retrace back up based on the star but you never know. Next support on COMPX seems to me is mid 2000's. Its hard to believe that we're back to these levels but we are. Seems like there is a very very long term uptrend line lending support around mid 2000's. 45% off the highs now. Somebody said that Nasdaq breaks have never gone lower than about 45%. Don't have the link to that. Even the bear of 1974 didn't go lower than that.Maybe the key is in more slowing enonomy type economic numbers. Where are the unemployment numbers showing all the dot com layoffs? Where are the retailer layoffs caused by slower retail sales? I don't get these labor department statistics anymore. They seem whacky.

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