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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (16740)	5/29/2001 7:36:17 PM
From: ajtj99	Respond to of 30051

The SOXX, COMPX, and NDX seem to be closing in on their next levels of support all at a similar rate. If they all drop about the same tomorrow, they will all hit them at the same time (not likely, and I think the NDX would need to drop a little more). I believe whichever index hits their support level first will cause the market to bounce. Futures are down just a little tonight, which is unbelievable in light of SUNW's numbers. AH prices alone indicate a 2% drop in the NDX tomorrow morning. Either way, I think we drop close to 2100 on the COMP tomorrow and the NDX bounces close to it's resistance first, causing a reverb in the market.