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

To: ajtj99 who wrote (43889)	3/25/2002 8:13:49 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Today's candle consumed the entire falling wedge on the daily, which is quite impressive. The upper line of the falling wedge may contain any bounce tomorrow at around NDX 1449 (around 1832 maybe). If the Dow bounces, it could go to the middle BB around 10,400. I believe the Dow may drop as low as 10,250 before bouncing. If it turns back at 10,400, it may double bottom at 10,250 or possibly drop to 10,100 or so. Dow is in a falling wedge, so whenever it hits bottom we should get a decent re-trace of the drop, or what could be our Spring rally. From eye-balling these charts, Monday morning appears to be a good time to bottom and bounce, as that will be April Fools day and what a better way to screw with shorts than to make them cover like crazy. It also seems to work with the falling wedge targets and the BB's.