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

To: drsvelte who wrote (24698)	1/4/2000 2:08:00 PM
From: d. alexander	Respond to of 67737

Thanks doc. Light bulb just went on. I'll download to Worden - I just don't use it that way <g> Clint was so good at calling the reversals :-( Hope PUMA does just that. Good New Year's wishes! Dorothy

To: drsvelte who wrote (24698)	1/4/2000 2:19:00 PM
From: shasta23	Read Replies (1) \| Respond to of 67737

doc, the selling is getting more serious today after the thrashing(gap up, gap down..) on the NAZ the last days.Dow Jones broke out of upward channel but bounce off 50DMA at 10970. First test should hold.Same for SPX at 1400(=50DMA). Naz is different story. 50DMA (=3420!!)would induce panic selling. How about trend line support? that's somewhere between 3800 and 3900 according to my daily charts. So this one day correction is it? Don't know...i still think we are horrendously valued but charts just don't look ready for shorting. Uptrends still too strong. I stand on the sidelines so far. Oh, it seems that the stocks that are not that overvalued are holding up much better: e.g. TLAB, RMBS etc. Take care. Stefan