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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (5638)	6/22/2001 11:18:35 AM
From: John Madarasz	Read Replies (1) of 209892

from S/T... quick reminder to all(somewhat obvious) We have a couple scenarios for the NDX (tech stocks) here: 1) we penetrate back through the 1760-70 level which in effect would ruin the downtrend as we know it and put us back in that trading range we were in from April - June or 2) we are unable to penetrate resistance (1760-70) and continue the second part / wave of this downtrend. Either way, there will be plenty of NEW setups come Monday, Pretty confused market here at the moment, many major stocks actually lost ground while the market rallied yesterday....not a great sign of strength.

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