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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?


To: Bull RidaH who wrote (8479)4/24/2000 4:09:00 PM
From: Arik T.G.  Read Replies (1) | Respond to of 11513
 
Thanks, BRH.
Yes, I was watching that very neat 5er. Also 1405-1407 is a medium weight support on the cash.

I'm looking ST at least for a C for last week's A up.
Also Naz is way oversold, and MSFT was great excuse to dump it one last time.

Longer term I think with the main engine burnt (Naz mo-mos), the secular bull is already dead. The proof is in the pudding, and the pudding is taking out March low on the S&P.
GE completing the 5er up. The queen is almost dead.

Good trading
ATG



To: Bull RidaH who wrote (8479)4/26/2000 2:33:00 PM
From: Arik T.G.  Respond to of 11513
 
Current local supports:
SPX - 1460
Naz - 3650
NDX - 3540

If those are taken out, the market is going to be in big trouble. IMO the Naz should hold, and make 3800-3900 area before the next bear leg down.

ATG