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To: AllansAlias who wrote (48193)12/15/2000 1:12:16 PM
From: Terry Whitman  Read Replies (2) | Respond to of 436258
 
So are you covering the NDX here AA? Looks like a good cover spot to me.



To: AllansAlias who wrote (48193)12/15/2000 1:21:13 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
great ! i jumped on a few NDX calls while we were hugging that line...i don't believe the bounce will last very long though. still looking for a weak close, although one can't be 100% sure with cycle stuff..sometimes a low comes a bit early or a bit late...



To: AllansAlias who wrote (48193)12/15/2000 1:24:24 PM
From: UnBelievable  Respond to of 436258
 
This Is Getting Interesting

$SPX jumped of the spike low from 10/18 at 1305.79 like a cat off a hot tin roof. Below that is the 11/30 spike low at 1294.90, and below that is the Sept. 1 DT line and paydirt.

$OEX flirting with the 10/18 spike low as well.

$COMPX has violated the vertical support from 10/18/99 and is sitting on an old rising support line at 2600 today. While this TL was violated on an intraday basis on 11/30 and 12/4 violation on a closing basis would be interesting.
The next vertical support for $COMPX, other than the two previously identified spike lows is at 2501 from 8/10/99.

$SOX should find support at vertical support at 560.

I notice that someone else has noticed how close we were to the precipice and has been attempting a rescue.

From 12:57 until now it looks like we have added about 5 $SPX points. I wonder what a $SPX point costs on a day like today?



To: AllansAlias who wrote (48193)12/15/2000 1:29:23 PM
From: UnBelievable  Respond to of 436258
 
I've Been Watching The Same Line

A little below that at 2475 I think there should be some vertical support and a little below that at 2450 I have a rising trend line for support.

And a little below that and it will get very interesting. <gg>