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Strategies & Market Trends : The Thread II

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To: Mike E. who wrote (1039)	6/11/2001 1:05:21 PM
From: stan s.	Read Replies (3) of 9026

okay obviously we know the points to watch on the naz straight line are the 2077-84 range. That was the bullish harami that started this little uptrend. In addition we have the engulfing open around 2067 (spike down to 2057) from the 16th of May. but what I'm really keying on right now is inner neckline of the H&S...I plot that point today at 2095...tomorrow at 2097 etc...it's on a slight incline, going up a couple of points a day. failure there on a close this week and this might get uglier than first anticipated. on the other hand a break over 2264 will effectively negate the dark cloud wannabe from Friday and portend a trip to 2328 highs and completely eliminate the HS.... frankly I assume we go lower this week rather than higher but we'll see...blah, blah. okay, I'm even boring myself now...lol shuddup Ian!!

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