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

To: Math Junkie who wrote (46522)	4/3/2002 3:41:52 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

Next stop is 1650...got to fill the gap.

To: Math Junkie who wrote (46522)	4/3/2002 3:52:04 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Next test would be the pivot low at 1728 COMP. However, we broke a trendline from the Sept. lows through the Feb. 22 pivot low, so there's nothing below to hold us up other than normal support levels. Furthermore, we've blown past all the Fibs on the NDX from the pivot low on Feb. 22 through the March high, indicating we'll test the 1330 low next, which is about 37 points below the LOD. That equates to about 1740 COMP. Below that we've got support at approximately 1300 NDX, which should be at about the level of the Feb. lows on the COMP. All in all, I think I agree that we may go below 1700 on this trip down. We blew out of the channel and violated the falling wedge. There is nothing but air below us right now.