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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (4651)6/11/2001 9:48:08 PM
From: AllansAlias  Read Replies (1) of 209892
 
re: jello this week and chart

My expectations for this week are lower than normal given the expiration games. The market is range-bound (duh!) and is now trapped by falling resistance overhead. It would take a bold move on great volume to have it push up very far. I just do not expect much to happen.

Over the next week or two, if we slide sideways on NDX and SPX, then we will overcome this falling resistance and would see a nice pop.

Here is an update to some charts I posted last week. You will notice this falling resistance on the NDX and SPX charts:

geocities.com
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