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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (26054)1/31/2002 11:25:08 PM
From: ajtj99  Read Replies (1) of 99280
 
Zeev, I can see a case for a run to the middle BB at around 1980. There is some resistance at 1960, and beyond that we have the 50% re-trace at 1975 and the next resistance at 1985. That's quite a few hurdles to go through, but it has the potential for a 50-point gain from here, sure.

I think we have a red day tomorrow, and you may get a big white candle on Monday. An intra-day higher high on Tuesday with a modestly higher close would satisfy your window of opportunity for a fib-retrace during that appropriate time. I guess that's possibly what you're seeing off this reversal.
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