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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36652)	4/3/2002 12:06:05 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67790

[madtrader] Wed Apr 3, 7:45am PST Market Well, all those levels I was looking to have a bounce of some sort got sliced right through. So we will have to look for even lower Fibonacci levels for support now. none. [madtrader] Wed Apr 3, 7:26am PST Market We are getting close to some key levels here. The Feb low to March high 62% retracement for COMPX is around 1791, less than 10 points away. NDX is also getting close to the Sept low to Dec high 50% retracement level. So a bounce of some sort can be expected. For OEX, the 50% retracement for Feb to March low and highs is 570, and we have been trading around it for a few days now. Even MSFT, the big culprit of this most recent drop is getting close to the Sept to Jan retracement of 62%, which is 56.38. So I am expecting a turn around of some sort later today. none.