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To: Jim Willie CB who wrote (16005)4/24/2000 10:17:00 AM
From: HairBall  Respond to of 35685
 
Jim Willie CB: right now I see any retest of NAZ to 3950-4000 as hitting formidable Moving Avgs, and likely to fail there
what do you see?


When a market is falling, I would first look for support, before I look for resistance. I would be watching both the SP and NAZ Futures for first hints. And, if you're long, cross your fingers the NAZ Futures 4/14 low holds. (I don't trade futures, so I use the EMINI Contracts for tracking as the real time feed is free) I suspect we will see a second limit down on the NAZ Emini today at -220.

Any futher comments of mine can be found on the MDD thread.

LG