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Strategies & Market Trends : Drillbits & Bottlerockets
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To: Vendit™ who wrote (1030)1/15/2001 1:27:43 PM
From: AugustWest  Read Replies (2) of 15481
 
I dunno Reid where the comp is headed next week.

If this is any indication, I was gonna ask you on your thread that night(before I passed out<G>).

Right now, I see it in the middle of the neck line of a woman(very dangerous territory. that 2631 that I have been stuck on for a while(#reply-15121380 gives a good synopsis) still seems critical to me. If we take that out, the next point I'd look for as resistance is about 2850.

I just don't really know any more, but I am now leaning towards a down week. Since Labor day, Holiday weekends have not been good for the bulls. However, last week we did get a three day rally(only creedence I put on that is the psycological spin it has brought about) so we could mount another rally headed into the Fed meeting.

But if we meet resistance this week, I am leaning towards at least testing the lows already put in this year.
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