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To: Shack who wrote (34495)4/10/2000 1:43:00 PM
From: Shaw  Respond to of 62347
 
NAZ chart is looking like chit right now. I dont see any signs of a bounce.

Even the small caps are looking very soft and following the NAZ.



To: Shack who wrote (34495)4/10/2000 1:44:00 PM
From: Ward Nicholson  Read Replies (1) | Respond to of 62347
 
Shack:

I think this will be a "short the rallies" market
with regards to the techs for the next few months.
One can play the rallies from the long side, but I
think the path of least resistance is now down.

WN



To: Shack who wrote (34495)4/10/2000 1:46:00 PM
From: AllansAlias  Read Replies (1) | Respond to of 62347
 
Yup, little intraday shelf ("pause" you said) there did not hold up. It has fallen through every support line but the last two on my intraday chart. Guess I have to go back a few more days to find the next levels if this does not turnaround. Next stop 4270.

EDIT: It's there now.

If this does not hold I make 4170-4200 the next support.

--Allan


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