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

To: Zeev Hed who wrote (17908)	6/14/2001 11:19:14 AM
From: Rashid Garuba	Read Replies (2) \| Respond to of 30051

This Nasdaq view shows why 2078 was not very meaningful.. The trendbreak is not a horizontal one.. The blue line (extending from Sept 1 2000) likely bounce target.. especially if there is an intersection there tenlights.com Rashid

To: Zeev Hed who wrote (17908)	6/14/2001 1:02:15 PM
From: ajtj99	Respond to of 30051

This lunch rally leaves a lot to be desired. I guess there needs to be some kind of catalyst to get us up off this level. NDX has bounced stronger than the COMPX, and maybe that is a predicator of a stronger bounce soon in the COMPX, although I doubt we'll see much more than 2125 tomorrow. Closed my QQQ July 45 puts at 3.50 (in at 2.25 yesterday). I'll look to re-position and get QQQ July 44 puts for 2.25-2.40 when the bounce tops. Zeev, what do you show as next resistance under 2050? I see 1940 as a possibility even by Monday.