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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2845)10/6/2000 12:35:01 AM
From: Dan Duchardt  Read Replies (1) | Respond to of 33421
 
John,

Since it's been a bit quiet here lately, I couldn't resist noting that COMPX and NDX put in day two of the famous three-day buy wiggle today. With the close not terribly far above the low on either one, it wouldn't take much dip to take out the low, and any decent move to the upside will complete the pattern. I also see potential trendline support from the October 98 through May 00 lows that pretty much was nailed by yesterday's lows to make the third touch.

I can't draw the lines on these, but it's obvious where the lines run across the three lows.

siliconinvestor.com

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Dan