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Strategies & Market Trends : The Thread II

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To: stan s. who started this subject	6/22/2001 10:33:29 AM
From: stan s.	Read Replies (1) of 9026

here's what I think we're looking at on the naz. simply a reiteration of what I've been saying for a while now. the chart shows the 2121 area. that's the important point in the next 2-3 days on a close, if this 'leg up' is to have any more steam. it's the area within the square, gap down resistance and the' failed' neckline trendline. wallstreetmonitor.com If it breaks above on a close (next few days)...we likely head to 2153 (fibo #)...if it fails...we tumble to test the 1974 mark (fibo retrace and piercing line open). those are the points to watch. I got a 'buy' on the near term WSM signal indicator yesterday on the naz, to follow up the near term 'downtrend may be ending' signal on the 20th...but I still would use extreme caution because the medium term sell will likely override the near term buy pdq....and I anticipate a drop of some strength as this near term pop ends. those explanations are in the text of the above link. wallstreetmonitor.com

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