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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (58549)	1/17/2001 10:58:31 AM
From: Moominoid	Read Replies (1) \| Respond to of 436258

I see the bottom since mid-December as an inverted head and shoulders and that's what the target is. We are in the middle of breaking through the neckline after only a day of consolidation just below it. We'd only be back at mid-November levels then: siliconinvestor.com On thsi weekly chart you can see that would roughly hit the upper Bollinger Band: siliconinvestor.com The stochastics on the weekly show an uptrend starting to form. MACD also shows a turning point. Around 3100 seems like an important resistance level. In another view we undershot the 200 dma by about as far as the March top overshot it - so a crash up to the declining average makes sense. quote.yahoo.com^NDX&d=1ym I know that the index will be way over-valued there but I believe markets only reach fundamental value in the long-run. I hope this doesn't get me labeled a clown :) David