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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: byhiselo who wrote (5710)2/14/2001 12:08:12 AM
From: ken-l  Respond to of 8925
 
byhiselo,

i have a slightly diff view ... !! i suspect that compx is heading higher tomorrow, into thursday where the intraday reversal kicks in .. and descends lower into option expiry at the 61.8% retracement @2548+/- <which maybe approx at the max pain @61+/-> - GGGG !!!

- MACD and RSI are both bullish <well, i think i should say less negative - GGGG> in the intraday basis
- today's intraday down trend line is too steep to hold up <that's almost neg 1-3 gann line - IMO>
- overshot the lower b-band in the daily chart
- unfilled gap between 2562-2554
- closed near/at the horizontal trend line support @2425+/-
- and then .. every bears in the world think the bull is dead <GGGGG>

just another scenario !!

regards,

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