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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (44791)7/11/2001 3:05:29 PM
From: ajtj99  Read Replies (1) | Respond to of 56535
 
Max, that bounce was at a strange place, so I didn't put much stock in it (pardon the pun). That was not a resistance point that I was aware of, but I didn't see where the NDX bounced.

I assumed we were going down again, and this may need to get to 1875 before kicking back up. The longer this gets strung out, the lower we go, and the tighter the spring is being wound for a bounce.