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To: pater tenebrarum who wrote (186)4/19/2001 12:44:15 AM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
Chart Illustrating COMPX Discussion Today

This is for the NASDAQ composite and shows what we were talking about today in the wider timeframes, including a few of the levels mentioned as targets:

geocities.com

Cheers



To: pater tenebrarum who wrote (186)4/19/2001 12:53:49 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Thanks for the cycle update heinz. Nice summary.

May 2 seems a bit tight, but I've got it on the chart now and will give it some extra weight if we appear to be finishing up the leg around that point.

With a fairly quick turn down here, we could hit that low on 23/24. That also seems a bit tight though. (Could always get a momo extension on our 5 into the 23rd, but that seems unlikely to me.)

Yes, we all are watching the clownbuck gyrate. Got steely knives. Let's see if this sinks in over the next week or two, but I also like the odds of it continuing down here.

My review of sectors and issues from a S/R POV shows some lots o' bullish breakouts, as one would expect, particularly in non-tech issues. You know I think the move on NYA is very bullish here for the intermediate (weeks) term.

Good night.