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


To: Skywatcher who wrote (34900)10/27/2000 3:42:25 PM
From: Peace  Respond to of 50167
 
Chris,

I am a bull. Just trying to call the short term here. Another trip down or not most if not all the downside is behind us.

Peace



To: Skywatcher who wrote (34900)10/30/2000 4:24:49 PM
From: Peace  Respond to of 50167
 
Hi Chris,

NDX did make another trip towards the 3000 area while Dow continued on its breakout as I was suggesting on Friday. The fact that Dow had no trouble with the 10,600 and 10,700 area would imply to me that a low in the Dow is firmly in place. It's already up about 1200 points from the low so we could pull back at some point to 10400/10200. But the trend seems to be up. The NDX is still struggling but we are probably getting close to turning around. Until then a visit to 3000 or even 2900 can not be ruled out. SPX is benefitting from the Dow's surge but at the same time being kept in check by the techs.

Peace