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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: exp who wrote (33231)2/25/2002 4:29:02 PM
From: ajtj99  Read Replies (3) of 99280
 
End of month pump is upon us. We have maybe 1-more day of this to fill the gaps at NDX 1434 and COMP 1801. I think Thursday night I expected 80-100 points out of a bounce off support Friday, so we're almost there. I doubt we'll get to Vess' target of QQQ 36-36.50. Failure at COMP 1805 will force a re-test of COMP 1700 level.

Like Zeev says, we needed some strong negative tic readings if that is indeed a bottom, and we did't get them. I think our support comes at least 40-50 points below Friday's lows, BWDIK.
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