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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (7467)11/21/2001 5:01:22 PM
From: ajtj99  Read Replies (1) of 99280
 
Zeev, at the low today the NDX had dropped nearly 100-points from the high Monday. That is a bit more severe than I expected. After we form our top, it begs the question - do we bounce at 1793-1800 or drop further to hit the gap at 1745-1768 COMPX.

I think initially we may bounce at 1800, but the bigger bounce may come at 1754. Furthermore, gaps tend to be pretty good magnets when we're moving down. 1793 is not too far from 1768. I guess it just depends which scenario is going to play out. The weakness today has me leaning towards scenario 1 again BWDIK.
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