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To: velociraptor_ who wrote (30170)2/4/2002 4:44:09 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
By the way, I hope you're not expecting that line on the NDX to hold, because it probably won't.

Long term? Of course not. Merely pointing out that if we gap down over it and hold the breakdown, then this down (even short-term) is likely just getting started and I would not cover.

I am not as bearish as you short-term. Taking a step back, the down in tech off the Jan 9 top looks like it is starting to flatten out and I am on diagonal alert. We may be in an area where the trend is still down but we whip around confusing everyone.