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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (25327)	5/30/2001 8:58:06 AM
From: JRI	Read Replies (1) of 37746

Velo- On your site, you mentioned that there is little support under 2170.....and it could/should lead to a move to 2060.... However, you also mentioned that near-term stochastics are nearing bottom, and you are expecting a mostly up day....(some retrace).. Am I right in assuming that, in any break of 2170 (which looks highly likely at open), that you do not necessarily expect the market to IMMEDIATELY go to 2060, but that it is probable over a long-time frame.....so, after today's gap down, we could still see some 4 up for most of the day (and the 5 gets us to 2060 perhaps?)

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