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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (43317)	6/26/2002 1:35:26 PM
From: ajtj99	Read Replies (2) of 209892

AA, sometimes I think we have to be careful not to overthink things a bit. First the NDX broke the Sept. lows, now the COMP. The SPX was close, but didn't quite make it. That's next on the agenda. After that comes the NYA, then the Dow. I think this all happens in the next few days. The fact that the NYA and SPX couldn't fill their gaps down tells us they are on deck. We do not get macro lows off gaps down. We do sell Fed meetings. Most of the buying has been by shorts covering on technical factors. Right now the technicals say short this market down unmercifully.

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