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

To: ajtj99 who wrote (16775)5/30/2001 1:22:26 PM
From: ajtj99  Respond to of 30051
 
Looks like it is up to the NDX to let us know if we are going to bounce or not. SOXX dropped below 600, COMP below 2095. NDX is sitting just above support at 1775.

Do or die time. If the NDX holds, the bounce is still in play, IMO. If not, we dive below 2000.



To: ajtj99 who wrote (16775)5/30/2001 1:29:15 PM
From: ajtj99  Read Replies (1) | Respond to of 30051
 
NDX is the last line of resistance. COMP and SOXX are below their levels of support. NDX bounced a bit off 1775. If it holds and we get some uptick volume, we'll have our bounce.

SOXX is still getting a bit weaker, but 575 should hold, IMO.



To: ajtj99 who wrote (16775)5/30/2001 1:44:27 PM
From: Sabrejet  Respond to of 30051
 
I have been watching a number of issues and the normal trading patterns have vanished!

If this was indeed a bear rally, which I felt and stated earlier, all technicals are useless basically. I hope if your long you get out ahead! I would never wish a loss on anyone.

I currently can't see a bounce. I would be guessing if I said we should get one here.

Sabre!


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