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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (47626)	7/25/2002 11:16:22 PM
From: ajtj99	Read Replies (1) of 209892

AA, if this was so strong, why did it stop 40-points short of the neckline on the Dow today? Still, I am undecided as to what's next. The SPX looks strong relative to the other charts, but that's not saying much. The VXN is still up there, and this divergence has flagged every false bottom since May. Until that thing drops, tech is in danger of breaching the low and going to NDX 940-950, IMO. MSFT got to within $1.15 of its 40.25 pivot low on Dec. 2000. That's got to tick anyone off when it already moved $30 off the highs 7-months ago. That seems incomplete.

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