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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (112738)	7/15/2001 6:46:28 PM
From: NucTrader	Read Replies (1) of 436258

>>f*ck the RANGE.. you are DOOMED..<< Well, Luc, I have range. Looking at the weekly $NDX, upside was pushed back at the 10d EMA (1789). At $NDX 1900, resistance is offered by both the 20d EMA (1904) and the middle tine/handle of an Andrew's pitchfork. This tine stopped every downleg from late Dec '00 (including Mar '00) until late Dec/early Jan '01 when it was first violated. Decisive violation came in mid-Feb '01 and now it offers resistance with the 20d EMA @ $NDX 1900. 2SD BBs on the weekly are getting that "pinched" look. Bottom line: Don't plan any irrational exuberance till $NDX 1900 is taken out and held. As to the downside: The lower tine of the pitchfork projects to < 1,200 $NDX. All of this FWIW, BWDIK, etc.

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