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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Jeff who wrote (56369)4/26/2002 1:24:18 PM
From: ajtj99  Read Replies (2) of 99280
 
I agree with you totally, Jeff, and piercing a key level of support. I even respect fractional piercings, as I believe in the letter of the law.

Yesterday's bounce appeared suspect to me as the SPX was still a bit away from the Feb. lows at 1074. It was also at a strange area in between other minor support levels. That told me the bounce was going to be short.

Watching to see if it will be worth it to buy the successful test of COMP 1650 or if it would be more prudent to buy the re-test at most likely 1660 later.
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