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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: xcr600 who wrote (23808)9/26/1999 3:21:00 PM
From: d. alexander  Read Replies (1) | Respond to of 68173
 
Thanks x; many leaders attending, so should factor into the week. Plus so much oversold, & FOMC still hanging & cetera.

Top of my list (since Harry got me into SPX-watching) is

This index penetrated uptrend support several times on Friday & rallied into the close. Does this, possibly, indicate a successful test & prelude to a rally? Well, I guess the answer is - yes; IF the rally continues & it doesn't pull back & stay under on Monday. And break the H+S neckline while it's down there :-)

The DOW also tested (successfully?) its 200dma & the Naz (successfully?) its 40.

With the possibility of all these guys turning around on Monday, I wasn't in buying mode. But (cheerfully) I'm usually out of synch.

BTW I got the full list of presentors at the Marketing & New Media Forum forrester.com