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To: James Strauss who wrote (32421)8/10/2000 10:14:03 AM
From: Peace  Respond to of 50167
 
Jim,

The 3575-3600 area on th NDX is the area to watch. A break of that will confirm the end of the short rally we had. A break of 3500 will be very bearish but I am not expecting that to happen.

Peace



To: James Strauss who wrote (32421)8/11/2000 10:02:43 AM
From: Peace  Read Replies (1) | Respond to of 50167
 
Jim,

The initial support of 3575-3600 on the NDX that held yesterday has been breached this morning. The next area to watch is the 3500. I suspect this area will hold and we should reverse this current slide from there. If not watch out !!

Peace

Edit: Just wanted to add Put/Call ratio at .78 at 10AM !!!