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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (47170)7/24/2002 12:21:41 AM
From: velociraptor_  Read Replies (6) of 209892
 
I have 7400 as support as well, but my minimum target lies at 7200 with 7050 as an alternate. At the moment, I also have a number of DOW stocks doing consolidations on the low in the hourly which all have at least a few points to knock of when it breaks. MSFT was the big one and it broke hard...now the focus lies on IBM as it too has a major consolidation on the low.

If all these patterns break, I think 7400 will get sliced through and we could be visiting the 6000's.
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