Zeev's Turnips - No Politics Message Board

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

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To: SirRealist who wrote (78177)	6/13/2002 7:26:38 AM
From: ajtj99	Read Replies (1) of 99280

SR, if you use the adjusted support on the COMP, the channel now goes as low as 1460 or so. The NDX channel runs to about 1060. There is room for downside. The COMP daily chart has a falling resistance line around COMP 1545, and that could stop any rally. This is not a strong reversal when you look at the VIX and VXN. New lows expanded yesterday to about 250. I don't recall seeing that on a strong reversal. This was a slight oversold bounce with very little breadth.

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