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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (47921)6/20/2000 5:26:00 PM
From: SirRealist  Read Replies (1) | Respond to of 94695
 
Peter: I believe we will reach no higher than 4444 on the NASDy this week... right where we were before Hell Week in April (4446).

I don't expect a major drop then, just enough to worry. However, that gap in NASDy's chart will come back to haunt us in Oct, imo.

No guru, just a student of mkt patterns.

Kevin



To: GROUND ZERO™ who wrote (47921)6/20/2000 6:08:00 PM
From: Paxb2u  Respond to of 94695
 
GZ,

I agree with your agreement<g> Now that's got to be a little scary. However I've got the NAZ 100 overbought here on the daily chart. I think we head a little lower on it fairly soon. However, it is a different animal---as you said.

Peter :o)