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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (34698)4/23/2002 5:46:17 PM
From: ajtj99  Read Replies (1) of 52237
 
Paul, da_cheif keeps mentioning a gap in the SPOOS at 1094, so I guess that may come into play. I think that equates to around 1091 SPX or so, which would be close to getting the COMP down to re-test the 1696 Feb. pivot low.

That would take the NDX a bit under 1300, but knowing that the NDX is subordinate to the COMP in these matters, wherever the NDX is when the COMP bounces is where it will bounce, support or no support (for the NDX).

What do you make of the TRINQ? I think we get a 1-day bounce but not much more. The TRIN is telling. I think this will all come down to 10,000 Dow holding and possibly breaching momentarily to something like 9,997.
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