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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (17128)5/11/2002 5:09:18 PM
From: NOW  Respond to of 26752
 
Great post. Thanks for sharing.
Everyone will be lining up to buy a retest if it happens, no?
Since everyone can't ne right: one of three things happens, IMO
1) no retest, its up, up and away (least probable)
2) retest goes deeper and longer than most can tolerate.
3) sept lows are no lows at all....



To: Susan G who wrote (17128)5/11/2002 11:14:54 PM
From: X Y Zebra  Read Replies (1) | Respond to of 26752
 
So as of the close, msft is testing an important area of support and triple bottom at the open Monday. Something that will be worth watching right at the open as it may be very telling for the day or even week on the NDX.

I wonder who is driving who ?

The point is... If MSFT successfully passes the test and reverses up (or at least it holds the line)... would that suffice to save the NDX ?

I do not not the answer to that, but it is just a thought.



To: Susan G who wrote (17128)5/12/2002 12:37:41 PM
From: Susan G  Read Replies (1) | Respond to of 26752
 
Correction on the COMPX notes from the earlier post

(the one this is in response to)

The COMPX is 213 points away from a retest of September lows, not 173.

NDX weekly
mywebpages.comcast.net

COMPX weekly

mywebpages.comcast.net

The NDX is only 53 points away....