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Strategies & Market Trends : Classic TA Workplace

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To: velociraptor_ who wrote (38255)5/7/2002 6:44:35 PM
From: ajtj99  Read Replies (1) of 209892
 
I agree that it is suicide right now to go short until we get at least a couple of legs up. However, I doubt those legs will go above NDX 1220 or so, which is still near a respectable .618% re-trace of the move down from the pivot high at NDX 1283.

That would also get us to the 1640 COMP area, which has been an inflection point during the past 10-days.
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