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Strategies & Market Trends : Ask DrBob
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To: Louis V. Lambrecht who wrote (39880)7/13/2001 9:11:12 AM
From: morokko65  Read Replies (1) of 100058
 
Louis V Lamb

Thanks for the chart, looks like there is a lot of congestion around 1760ish, with 1890 a real short term possibility if this rally fails soon. I liken this period to 1987 through 1991, took three years and three month (approx) to form a good base. Assuming that the world moves faster now, I can't see a real major 2-5 year rally starting before the Oct to March time frame. I had an order in for the QQQs at Schwab at $39.88 and it did not get filled on Weds, even though we traded to $39.87 for a second. Your chart suggests that I will get another chance.

Can you look at PVN for me? Looking for a short and/or intermediate term exit point. Thank you
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