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


To: virtualsignal who wrote (6948)9/29/2000 9:41:01 AM
From: FLACK  Read Replies (4) | Respond to of 100058
 
Alex, I'll take
Mysteries of the Market for 500.

The Answer is: Not much

And the question is: What it takes for the Market
to cave.



To: virtualsignal who wrote (6948)9/29/2000 10:00:45 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 100058
 
Hi! VS - are we supportive today?

SP00s @ 1470ish have
support=1467-73, 59-62, 51-56...
resist =1478-85, then 1490...

I have support 1455, 1437-1440 (this one holds IMHO)
resist 1476, 1480-90, 1496

ND00s @ 3712ish still lower on the week have
support=3695-3705, 3648-3665(big area), 3.6k...
resist=3750-60, 3805, 3870...

I have support at: 3727, 3678, 3605-10 (srong)
resist: 3780, 3810, 3850 (close enough, this market overreacts anyway)

Translated in COMPX, at current FV, S/R of the futures can be translated 1:1. So resistance at 3780 on our way to the 3803 Fib.