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

To: Steve Lee who wrote (58276)4/29/2002 11:30:47 AM
From: Rock_nj  Read Replies (2) | Respond to of 99280
 
Seems like the market is trying to form a bottom today. Time will tell. Perhaps something like a WCOM bankruptcy filing will send it lower. Or improving economic news will send it higher. In any case, this should be an interesting week.



To: Steve Lee who wrote (58276)4/29/2002 11:46:13 AM
From: ajtj99  Read Replies (1) | Respond to of 99280
 
Good decision, Steve. I think your stop would have been close to getting blown out in the best scenario. We have support on the NDX at 1235-1242, and below that at around 1200-1207. The lower level is coming into play due to the SPX breach of 1074, setting up a drop to 1053. It may not come today, but it is something to be on the watch for. If the SPX held 1074, you'd be in good shape.


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