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

To: mishedlo who wrote (10246)	12/4/2001 6:17:09 AM
From: ajtj99	Respond to of 99280

Mish, the 200-day SMA on the Nasdaq is practically 1941 by Wednesday, what Zeev is talking about is consistent with a re-test of the highs and a trap for shorts, both of which are needed before going back down. We are stuck in a trading range until the top is resolved, and the rising support lines pretty much are saying this week may be the last time we are at this level if we cannot take out 1941 on volume. If we fail, we could drop through the support at 1885-1905 due to selling triggered by a close below the channel and below the 20-day EMA. Actually, if you trade using just the 60-minute COMPX chart and the 10-minute TRINQ the past week you would be making mostly correct moves.