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


To: Killswitch who wrote (11435)4/3/2002 2:48:53 PM
From: Softechie  Read Replies (2) | Respond to of 19219
 
May be not today but this week they will be down. They're trending down. Naz to 1100 and Dow to 7000.



To: Killswitch who wrote (11435)4/3/2002 2:58:07 PM
From: Killswitch  Read Replies (3) | Respond to of 19219
 
SPX also in a similar situation now, going below both the lower trendline from the recent decline, and also below the uptrend from 9/11

Softechie: I noticed you replied to me, but I have you on ignore so I have no idea what you said. Just FYI



To: Killswitch who wrote (11435)4/3/2002 5:01:29 PM
From: Dan Duchardt  Respond to of 19219
 
Brian,

My charts apparently do not quite match yours. I have the Dow uptrend line a bit below 10150 today. COMPX at about 1775, with added support from the early February low of 1772. NDX at 1392 was pierced, but it closed above, and the naz futures ran up about 14 points after the close of NDX. Dow futures are now up about 25 or 30 points after the close to about 10230.

I'm not sure what tomorrow will bring, but so far I would call this a successful test of support from these lines. Maybe the "recovery" got started late today. I'm not particularly bullish, but that's where I see the charts right now.

Dan