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

To: 4rthofjuly007 who wrote (31960)	2/21/2002 7:17:07 PM
From: ajtj99	Respond to of 99280

Hey, I'm not the one with the turnips, 4rth <G>. I believe some have next Tuesday/Wednesday as a CIT date for the COMP, so that would be the best place for this to end. I believe the support we bounce off of comes from either the NDX or COMP. If there is not a good support level for the COMP but the NDX is near one, the COMP should be subordinate to the NDX at that point. The NDX should become subordinate to the COMP if the COMP nears its .618 re-trace at the 1650-1660 level. Until then, I believe the NDX is in charge on the support between here and 1660. The real bounce should come off a COMP support level, not an NDX one. The NDX could actually breach 1300 by a couple of points on any drop to COMP support, especially with QCOM in the tank. I believe the .618 re-trace is about COMP 1659, so that could be it.