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Strategies & Market Trends : Drillbits & Bottlerockets
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To: Venkie who wrote (14005)6/5/2001 2:22:28 PM
From: Jorj X Mckie  Read Replies (2) of 15481
 
thanks, I think we are pretty cool.

IMO, this rally needs keep running up to 2350 on the naz before backing off, at least if this is a real change in direction. I am thinking that 2275 is probably going to be tough to get through and that we might pull back to 2150 once we touch that level. If we reverse to 2150 before hitting 2275, I am ditching my long positions. I am thinking that we are going to consolidate on the naz into a triangle with 2200 being the center line leading into the next fed meeting.

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