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Strategies & Market Trends : Trader J's Inner Circle
NVDA 192.68-0.3%12:38 PM EST
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To: LTK007 who wrote (45158)7/25/2001 8:50:14 PM
From: ajtj99  Read Replies (1) of 56532
 
I don't know about a cliff dive under 1600, but 1560 NDX certainly seems a possibility.

I believe that if we hit 1560 this week, we'll bounce and finish the H&S thing next trip down. I've seen H&S measurements from 1440 to 1500, so there is a lot of gray area there.

We've been bouncing off a support/resistance line on the NDX, and until we hit the tail end of the drop, I believe we stay within that line. That line should reach 1560 by tomorrow, I believe.
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