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

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To: Zeev Hed who wrote (41397)3/17/2002 9:03:44 PM
From: ajtj99  Read Replies (3) of 99280
 
The way I see things right now is that the indicators are not going to be as useful right now as many have topped and reversed. The best way to play right now is to identify "the box" and play according to the support and resistance.

Right now we can say the box from the last couple of days is 1848-1880. A rise above 1880 means we're going higher, possibly to re-test 1947 or 1960. A drop below 1848 means we're going to either 1841, 1830, 1821, or 1793. If you buy a breach of 1880 or short a breach of 1848 with appropriate stops, I think some of the uncertainty can be mitigated early on this week.
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