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Strategies & Market Trends : Tragically Hip Koolaid Stand -- Ignore unavailable to you. Want to Upgrade?


To: Lost1 who wrote (306)11/22/2000 11:32:15 AM
From: Alidotr  Read Replies (1) | Respond to of 604
 
The tick.nq is rising at this point after hitting a low of -1081. Not quite capitulation territory, but might be good for a bounce.

You might want to take a peek at the weekly CHKP chart and draw a line from the Oct 99 lows, to the April 2000 lows and extend through today. Looks like nice trendline support where we are now.

Then again, the 100 level does look like good support if the trend is broken.