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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: stan s. who wrote (56)5/20/2000 1:01:00 PM
From: DebtBomb  Respond to of 49816
 
stan,
The charts and selling volume is telling me, we are going to put in another short term bottom on about Monday/Tuesday.
And, we may hit the support line of about 3200 on the Nasdaq in the next couple of days, we're not far from it now.
I would like to see a capitulation day on one of these two days, but will buy in any event, if we start to turn up after some more sellers are out.
I'm guessing, and thinking to buy Monday/Tuesday, as I don't think we will see the kind of selling pressure we saw in March and April, after the 3/21 rate hike.



To: stan s. who wrote (56)5/20/2000 10:30:00 PM
From: Jack Hartmann  Read Replies (1) | Respond to of 49816
 
Great chart, great thread Stan. I bookmarked it. Look forward to more. It looks like Nasdaq shouldn't go below 3150 per the lower trend line.
Regards.
Jack