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To: Justa Werkenstiff who wrote (30176)2/4/2002 7:18:56 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
I think it is going downtown

So do I Justa, but if that donkey is in a double 3, it has the potential to go to 579 first. That would probably piss off a lot of bears but I see the potential. It would have to launch right away though as it is sitting right on its UT line out of the 22nd and would need to stay above. And as mentioned before, the NDX is on some declining support which would be very bearish should it break tomorrow.

The BKX is also on a big line, the lower channel line using the Nov and Jan highs as the upper line. The last semblance of an uptrend left there.

Essentially, we are on the brink IMO.