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

To: Johnny Canuck who wrote (37017)	5/15/2002 1:39:18 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69720

Market commentary Negated intra-day sell signals on the SOX and COMPX. Amazingly, we may actually get a more traditional 3 day rally. I expect the rally to be capped by option expiration on Friday. Thursday should see some profit taking and squaring of options. Unless we break 1585 to the downside or 1800 to the upside, I expect we are in a range bound market. A re-test of the low at 1585 would at least confirm a high low and set the stage for a rally later in the summer or early fall.