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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (28825)3/3/2003 9:02:31 PM
From: Justa Werkenstiff  Read Replies (1) of 30712
 
AJ: Re: "-A test of the upper line of the falling resistance line off the Dec & Jan highs that stops below the NDX 1040 gap.

-A test of the NDX 938 low for a double bottom next week."

A rise above 1022 ndx close is bullish as it would be taking out important resistance as well as a bearish engulfing which would indicate to me we are in an intermediate term rally as such things happen then and this would preclude any quick trip to 938 next week all things being equal. This slow pig would take forever and a day to work off a move to 1040 to get us back to 938.
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