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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (9198)10/9/2001 11:15:57 AM
From: chowder  Read Replies (3) | Respond to of 23153
 
Gottfried, we didn't get that gap up at the open to squeeze the shorts. Now we have to consider there may be a pull back here. If so, here's what to look for.

Look at the long white candle that showed up last week. The half way mark of that candle is now support, around the 1545-1550 range. If the NASDAQ closes below that, it'll confirm a downward trend.

stockcharts.com[h,a]daclyimy[pb20!b10!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]]

At this point I'm going to weasel out and say I'm not sure which way it'll go. The NAZ is avoiding that open window like the plague, but it doesn't want to go lower either. Something's got to give. I'm hoping it's down.

dabum