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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: flatsville who wrote (101695)	5/11/2001 8:26:03 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

<<You seeing what looks like roll overs (eyeballs only) on daily and weekly compx and spx?>> The compx certainly could be, especially on the weeklies. It banged it's head on the downtrend line connecting the highs from early September and late January (measures about 2200 now). stockcharts.com[l,a]waclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg] On the dailies its a bit less clear, we could be in a trading range between 2000-2220 or so (sitting above the gap on April 18th). The SPX dailies looks quite similar to the COMPQ, with the range from 1200-1270. The SPX didn't quite get to its downtrend line on the weeklies (it sits at about 1300 now). Also we made a lower low on this week's stick in the COMP and not in the SPX. All this suggests the Nasdaq is further into its rollover, and we may get rotation from the COMP into the Dow/SPX type stocks for the next couple of weeks. Then we'll be into preannouncements, and perhaps both will start to drain after options expiration. All MHO, of course. Regards Patron

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