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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (16835)	4/18/2001 12:26:47 PM
From: Goodale	Read Replies (1) \| Respond to of 37746

Any chance there was a leak from the Fed and this is what the rally was all about to begin with? One must wonder.

To: velociraptor_ who wrote (16835)	4/18/2001 12:37:59 PM
From: Dante Sinferno	Respond to of 37746

Have you looked at a 5 year chart of the Naz recently ? Sure seems we are simply bouncing off support from the '97 & '98 lows...

To: velociraptor_ who wrote (16835)	4/18/2001 12:39:28 PM
From: marc chatman	Read Replies (1) \| Respond to of 37746

I'm also lost with the counts. I believe the compx is now bumping up against its downtrend line on the weekly, which should be resistance, but who knows with this market? I'm not rushing to buy puts today since my gut tells me there may still be shorts out there who are going to look for any dip to cover. Also, the price may get better for the May's after the April's expire this week. On the other hand, we are getting a nice little bearish wedge on the 15 minute chart, and a possible bearish divergence is forming on the 15 minute stochastics. I'm tempted to short the QQQ's, but then Greenspan may cut another 50bp this afternoon. <g> Lower interest rates as a solution for extreme excess capacity -- hmmm, for the first time ever, I'm considering an investment in gold.