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Strategies & Market Trends : Classic TA Workplace

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To: patron_anejo_por_favor who wrote (3034)	5/21/2001 8:01:03 PM
From: AllansAlias	Read Replies (3) of 209892

NASDAQ Scenario Update Good day today. We got our impulsive up we called for and made some money long. Tomorrow should be a challenge. This 3 looks done or near done. We may get a gap-up or an early push, but I'll be selling it. If this is, as I think, a 4 tomorrow, then it'll be a tough day to trade. I won't be holding the early short for long as we'll be in a correction day without a trend. Today we took out various resistance, the most significant being the NDX Sep/00 DT line and the same line for NYA, as well, for the NASDAQ, the 50% retracement of the down since Jan/01. The 61.8 level is around COMPX 2405. The only way we make our 23rd turn date as a high is if the market gets this 4 over with quickly and turns back up to finish this leg -- the 5.

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