Zeev's Turnips - No Politics Message Board

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

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To: The Freep who wrote (70974)	5/23/2002 8:20:35 PM
From: ajtj99	Read Replies (2) of 99280

Freep, if 1560 is a "bottom", it will have to be tested no sooner than around 1-month after we hit it before moving up. That's why I believe everyone will be waiting for that, much like everyone was waiting for the gap at COMP 1650-1653 to fill. By the way, I think that test may be successful for half a day or so, but I think we'll punch through it before bouncing at a "successful" re-test of the NDX Sept. lows around 1100 NDX. I do not believe either of these will be the bottom, but many traders may. I'm looking for around 1000 NDX.

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