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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: DOUG H who wrote (981)8/8/2001 7:39:55 AM
From: Venditâ„¢  Read Replies (1) of 8752
 
I agree. I drew one additional lower support with added comments in black. See the bottom chart on this page.

angelfire.lycos.com

(From the link above)
The chart below is an update to the above S/R levels since the NASDAQ is so close to breaching 1987. The three lines in the chart below are drawn showing very short term support. The nasdaq closed "at" upper candle support located about 2025. Slow stochastic shows continued weakening of the index. Yesterday's candle is a spinning top which is a neutral indication.

JMO
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