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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (10687)	2/21/2002 5:05:20 PM
From: Killswitch	Read Replies (3) \| Respond to of 19219

Yeah I've been watching that too, it certainly is interesting looking. However at this point I can clearly say that I have no clue as to what the next several trading days will bring. :-) I certainly was not expecting a reversal of yesterday's reversal. I think my main concern right now is if the ndx gaps down over its lower downtrend line. However with the after hours indicator up right now, there is a chance we can escape that. Quite a battle for sure... let's watch, wait, and be ready to go waaay long. What would it take for the various people reading this to decide to go long? I'd like to hear what everyone is looking for signal-wise.

To: Dan Duchardt who wrote (10687)	2/21/2002 6:36:00 PM
From: KymarFye	Read Replies (1) \| Respond to of 19219

"the NDX low/clsoe today is sitting almost exactly on the April 2001 low" Yeah - during the trading day I was wondering why the sell-off stopped where it did, and didn't reach all the way down to the rim of the Grand Canyon between the 9/10 low and the 9/17 open. Should have checked the long-term chart. Not much harm done, though might have held off on a last couple shorts. There are some Fib-saw puzzle explanations, or two, as well, that you can try on... And, just in case you think I'm too Fib-obsessed - check this one out: home.pacbell.net I think you could say the index itself is Fib-obsessed.