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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (40121)7/5/2001 1:04:40 PM
From: James Strauss  Read Replies (2) of 50167
 
What Next After The 2175 Nasdaq Failure....
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Ike:

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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