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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (7393)7/14/2001 2:31:08 PM
From: fftrader  Read Replies (1) | Respond to of 8925
 
Teresa, Great Market Analysis (July 13)
Unlike Custer, I have a strong feeling that the $NDX has indeed made a "last stand" test and survived(love those 2B's), heading upward from here, but of course only time will truly tell.
Whats interesting is this bottom chart formation(since April low) is very similar (opposite) to what happened after the March 2000 high : quick selloff,sideways consolidation(more or less),then another rally attempt in July,failing, then rallying into a final (2B) test in September, and downward after that, until last April.......Hmmm,can't wait to see what happens going forward from here, feeling its time to step up the (long )swing and position trading.
fftrader



To: Teresa Lo who wrote (7393)7/14/2001 5:52:24 PM
From: MechanicalMethod  Read Replies (1) | Respond to of 8925
 
That marginal new low on the NDX is intriguing... as are all marginal new L's and H's. Sure seemed like it was in a hurry to get out of that hole. Will we be eating turtle soup for awhile? Maybe a marginal new H around 1920 is next? ;)