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


To: JRI who wrote (43181)3/22/2002 1:54:57 PM
From: westpacific  Respond to of 99280
 
NAS daily, tried to break 50 day and could not today.

50 day below 200 day, and both in big downtrends - the chart looks nasty.



To: JRI who wrote (43181)3/22/2002 1:55:03 PM
From: Sully-  Respond to of 99280
 
Agree on the throw over JRI. NDX is back inside the wedge...... I'm holding my QCOM short looking for more down in here.



To: JRI who wrote (43181)3/22/2002 1:55:57 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
Agreed, I thought I suggested that until the end of next week, we still are in "danger" of getting back to that 1793, the strong bounce from just under 1830 might negate that, but one never knows for sure, Larry's channel still rules, until it actually reverses (my guess 1910 or so on a closing basis in the next few days).

Zeev



To: JRI who wrote (43181)3/22/2002 2:10:32 PM
From: HairBall  Read Replies (1) | Respond to of 99280
 
JRI: That yellow line (gap-down) was closed with the Mar 1st rally, reducing the influence dramatically. The March 20th gap-down has been filled but the upper boundary proved to be at least initial resistance to the 3/21 rally. The COMPX price action is in a falling wedge off the 3/11 pivot high.

My QChart "Intraday" COMPX (NASDAQ Comp) 130-Min Semi-log Chart
Note:The chart is a double screen capture and is extra wide.
lgscharts.homestead.com

Regards,
LG