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Strategies & Market Trends : Technical analysis for shorts & longs

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Nov 10 4:00 PM EST

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To: Johnny Canuck who wrote (43367)	5/31/2006 10:16:37 AM
From: Logain Ablar	Read Replies (1) of 67839

Harry: Ignoring the BP's for a minute if you just look at the comp chart the break down thru 2240 now creates a pretty good resistance point. I would think this is the top of the bounce (its showing the liquidity coming out of the Naz type stocks) and we have to see if they can even run it to 2220 area. stockcharts.com I think this bounce is it & I'm still targeting we turn south again by end of 2nd week in june. RTS has some nice charts, his thread on IHUB is one of my bookmarks.

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