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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: TREND1 who wrote (35032)2/28/2002 6:04:14 PM
From: westpacific  Read Replies (3) of 99280
 
If we do not hold 1695 (the low put in last week), I agree - NASDAQ has no support till the lows at 1387!! Could be setting up for big drop. Look at todays action in NAS, upside vol 550M shares, downside volume 1.33B shares. Cisco has wiped out 500B, 8 (eight) times the amount lost in the Enron collapse.

Action does not look like they are buying ready for a bounce only 30 pts away.

West
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