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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: TraderMERL who wrote (6219)9/23/2000 11:18:24 AM
From: flyeguy99  Respond to of 100058
 
Sorenkg,

No double top, I see a 725 pt trading range on the Naz from 3550 to 4275, if it stays true to form, then we will be back at the top of it again by October 30th, coincidentally the same date that it broke out of its trading range (2450-2925) last year.

Support Friday was 3500 NDX, 87.50 on QQQs.

Other support if things get ugly is the uptrend line on the Naz Weekly, from stick lows on 10/4/98 at 1357, through stick lows on 5/21/00 at 3042, sloping line would be at about 3400 this week, 3430 next week, 3450 the week after, etc..

Fly



To: TraderMERL who wrote (6219)9/23/2000 5:38:47 PM
From: bcrafty  Read Replies (1) | Respond to of 100058
 
sorenkg, when you are referring to a double top, if you're referring to September 5 as the second part of the double, with the first part in mid July, you might read my post #5401 to Dr. Bob and his reply in #5419. He says yes, that was the double top.

Are you referring to something else, though?


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