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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (655)10/17/2001 1:27:27 PM
From: ajtj99  Read Replies (1) | Respond to of 99280
 
1702 might be a good short term target for the COMP (about a 50% re-trace off the pivot high this AM). Is that spirited, or are you looking for a .50 re-trace of 1754-1682? That ends up with a goofy number (1718). A .618 re-trace makes more sense (1726).

Oh, well. We just printed 1679 on the Nasdaq, so that shoots all those numbers.



To: Zeev Hed who wrote (655)10/17/2001 1:33:01 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Hey, hey, 1680 was not supposed to be breached to day, it just printed a new daily low, got to watch, since I am quite loaded (and some of these positions from just 15 to 30 minutes ago are going red...).

Zeev



To: Zeev Hed who wrote (655)10/17/2001 1:35:45 PM
From: ajtj99  Read Replies (1) | Respond to of 99280
 
Zeev, NDX needs to stay above 1333 to maintain the island reversal, so that doesn't leave too much downside from the low of the day (1344). Next support at 1340. That's pretty critical support, IMO.