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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Spreck who wrote (1540)9/19/2001 11:33:22 AM
From: Filbert  Read Replies (1) | Respond to of 8752
 
I believe zero is the lowest it can go. :-)



To: Spreck who wrote (1540)9/19/2001 8:48:55 PM
From: Venditâ„¢  Respond to of 8752
 
Where is the NASDAQ headed short term???????

The 10 year chart below shows that the mid 1990s trend is now broken. Trend lines are not support but they do represent points of short-term reversals.

angelfire.com

A 3 year time frame of the same chart shows the extreme long term trend has as of yet been reached.

angelfire.com

Zooming shows the 1300 area a logical place to put in a bottom and then to retest it at a little higher level low.

angelfire.com

Most chart servers like the above are off-line so I cannot pin point a more exact level of where I think a bottom will take place as I write this. Ill try a couple of other chart sites after this post in an attempt to do so.

This as always JMHO.