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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (6236)	7/5/2001 12:58:58 PM
From: James Strauss	Read Replies (1) of 209892

What Next After The 2175 Nasdaq Failure.... ****************************************************** A look at the 6 month Nasdaq chart showed a clear intermediate term downtrend punctuated by short term rallies that failed just below the previous peak's high... This created a downward sloping chart pattern... stockcharts.com A comparison of the end of April and end of June bottoms in the 2000 area shows a lower bottom in June... We will most likely retest the 2000 and sub 2000 area with a real battle for support in the 1900 area... bigcharts.com. A look at the 60 minute chart (one week) shows the beginnings of a technical breakdown... stockcharts.com[m,a]ea... 2075, 2050, and 2025 offer light support... After that 2000 and 1900 where the real battle will be waged... Jim

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