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To: coug who wrote (48)4/18/2000 11:27:00 PM
From: IndexTrader  Read Replies (1) | Respond to of 306
 
Coug,
I was thinking about a pull back here, too. We just retraced about half the fall from April 10th to the April 14th low. It looks like 3900 will be impossible resistance, so I agree we should correct tomorrow and Thursday. Naz trin was .44 today so we are really overbought. Plus, we have a long weekend coming and traders will want cash in their pockets. The question is: Do we have a lower low or a higher one. I am betting for the latter. I would love to see support at the gap just above 3500, but maybe I am being too optimistic.

I am concerned about the VIX, also. It seems to be hanging too high for such a strong rally. Tomorrow I may just have to struggle and get up for the open...

If you have any time tomorrow, I would love to hear more about your long term oscillator that you mentioned.
Thanks
Susan