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

To: LTK007 who wrote (45158)	7/25/2001 3:12:53 PM
From: LTK007	Respond to of 56532

i am going to watch the soaps(yeh i watch soaps,no snob in me:)i am watching an artificial tape---these games are serious,but it still is phony/baloney,right now:)

To: LTK007 who wrote (45158)	7/25/2001 8:50:14 PM
From: ajtj99	Read Replies (1) \| Respond to of 56532

I don't know about a cliff dive under 1600, but 1560 NDX certainly seems a possibility. I believe that if we hit 1560 this week, we'll bounce and finish the H&S thing next trip down. I've seen H&S measurements from 1440 to 1500, so there is a lot of gray area there. We've been bouncing off a support/resistance line on the NDX, and until we hit the tail end of the drop, I believe we stay within that line. That line should reach 1560 by tomorrow, I believe.