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Strategies & Market Trends : Three Amigos Stock Thread

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To: EGGSHAPE who wrote (27491)12/11/2001 4:58:59 AM
From: Ditchdigger  Read Replies (1) of 29382
 
Looks like the BTK broke a triple bottom yesterday (print of 575 will also break a spread double it came damn close yesterday-chart definitely looks weak)
stockcharts.com
Next support at 550? +/-
Naz comp appears to have strong triple top resistance at 2100, as well as past triple bottom support at 1950
stockcharts.com
could we stay range bound in that 150 point spread for awhile? Maybe stay half in and half out,buy the second half on a print of 2150(triple top break) or sell the first half with a print of 1900(triple bottom break)? <g> Oh the simplicity of the plan<ROFL!>
Took a gamble yesterday and moved to 100% cash for todays fed meeting..I'll see what Greenie has to say before making any short term decisions. Heck, I can't lose, only miss gains<g>
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