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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JRI who wrote (19295)9/19/2001 2:52:57 PM
From: donald sew  Read Replies (1) of 52237
 
Jri,

Since my short-term technicals are now useless, I have to use other stuff, one of which is simple horizontal supports.

Guessing, I'm suspecting that we could get a bounce somewhere close to the OCT LOWS of 1998 for the NAZ/NDX/SPX, within a buffer of about 50 points. As for the DOW, the OCT 98 LOWs is still about 1000+ points lower, so I think there will be a some sort of a bounce before the DOW gets that low.

OCT 1998 LOWS:
NAZ - 1357
NDX - 1064
SPX - 923
DOW - 7469

Refining it some forthe NDX, I have HORIZONTAL SUPPORTS at 1160, 1118, 1064. The NDX is already at 1149, so it already broke the support at 1160 slightly.
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