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To: Jibacoa who wrote (7521)1/13/2001 2:04:28 PM
From: James Strauss  Respond to of 13094
 
Bernard:

The Dow appears to be at the bottom of its trading channel while the NDX is near the top of its channel...
bigcharts.com
bigcharts.com

So, we could see a flip flop next week as the Dow rises while the Nasdaq and NDX fall...

Look for a possible dip on the Nasdaq to 2300 and 2200 on the NDX...

These flip flops can be profitable if you're in the right sector at the right time...

The S&P could also dip to the 1275 to 1300 area...

The following week the FED speculation should be thicker than a London Fog... : >

Those 6 days prior to the FED meeting should see a lot of anticipatory money flowing into equities...

The major indexes should be up...

Jim