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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Peace who wrote (34465)10/6/2000 7:17:19 AM
From: GROUND ZERO™  Respond to of 50167
 
I think the NDX can move higher even without a wiggle pattern... we don't have to have a wiggle pattern to turn the NDX up from here..... the wiggle would give the market more impetus and fuel a stronger rally, but it's not needed..... frankly I hope we don't take out yesterday's lows... although that would be the first requirement for the wiggle, it would also reduce the likelihood that the market would rally from that lower level..... I'm just hoping for higher highs and higher lows with a nice solid close this afternoon.....<g>

The DOW sold off too much yesterday for my comfort and now looks suspect, but the pattern is still intact, however minimally... I still think it has a good chance for a rally today.... I think it just backed up for a running start at the 10850 level..... an inside day for the DOW and closing at the low? I take that as bullish.....

GZ