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

To: vampire who wrote (3368)	11/6/2001 9:11:25 AM
From: JRI	Respond to of 99280

Heavy, heavy resistence for the COMP in the 1800s (1815, 1830, 1860), low 1900s...after the run the last few weeks, at best, COMP needs a period of digestion (weeks) before higher....but more likely, the retest is coming, either starting later today, or within a week (after one last pop).. Not all sentiment indicators favor down, but check out Velo's (edit: raptorgroupresearch.com) weekly stochastic (go to Nasdaq page...scroll to bottom of charts..look at weekly). Check out what happens in the past year/year and half when weekly gets in this overbought territory...as well daily, hourly indicators look to want down soon too.. Looks like a matter of not if, but when..