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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: indexit who wrote (23644)	2/15/2001 7:57:57 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

indexit - sure would like trading better. It is one of those days again. I have SPX and NDX at inflection points. SPX at small support in a downtrend. Key levels to check for a turnaround: 1336 (former heavy support, now strong resist) with confimation 1360ish. 1310ish as support with prints below 1290 as confimation of a free fall. NDX (currently more volatile than COMPX) at the line of lower highs (15 min. and 60 min. charts) set in February. Break 2400 (all round numbers) with confirmation 2500. Rollover 2300 with confirmation 2200. Am with you, the herd is afraid of missing the COMPX run. Some technical resetting rally, if short lived will be making the handle of an inverted cup n' handle. Better play the secure thing: not playing. I sleep better on a cash cushion. LOL.