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Strategies & Market Trends : Classic TA Workplace

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To: marc chatman who wrote (5122)	6/15/2001 9:41:13 AM
From: JRI	Read Replies (1) of 209892

I've got 2000, and then 1974 (50% retrace of COMPX move from April low)...wouldn't surprise me to see a bounce at one (or both) of those levels...... I do think we are going further down....but P/C got to .79 yesterday, and there has been heavy, heavy selling has 2 days..tone has turned decidely bearish a lot of places... I may look at a short if we keep bouncing here....the turnaround at 2010 or so makes no sense to me, don't see the bounce point....think we still need to visit 2000..

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