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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: ajtj99 who wrote (35626)5/7/2002 7:26:56 PM
From: TechTrader42  Read Replies (1) of 52237
 
Look at the VXN candlestick at the 200 SMA. That looks like strong resistance, meaning it could reverse back down. That would mean the Naz would move up. The VIX doesn't look as convincing.

I agree completely on the support levels -- for the Dow and SPX. But the Naz hit a really strong level at the 1560 area today.

MACD for the VXN looks overbought and ready to turn down, meaning the Naz could go up.

But we shall see. The SPX is a big concern.
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