Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 188.62

-0.3%

Dec 24 12:59 PM EST

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To: blankmind who wrote (8890)	2/14/1999 11:05:00 AM
From: Don Pueblo	Read Replies (2) of 56535

Extremely strong support on the COMP @ 2200. My calculations do not involve "traditional" TA, but after I calculated my support level, I went back and looked at the chart from a "old style" viewpoint and noticed very clean "traditional" patterns on this top. The top has occurred, IMHO, and most every chart watcher, no matter his or her method, would call a bottom at around 2200 on the COMP. Round number, investor sentiment, all that jazz says support at 2200. My gut feeling is that that support level will fail, and cause some panic. Have cash ready if a fast move down through 2200 happens.

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