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

To: Nancy who wrote (17808)	5/18/2002 7:49:08 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

Make sure to check out the multiple resistance areas on the NDX daily and weekly chart. If the nasdaq can get through that wall of EMAs, gaps, broken support areas, huge overhead supply, resistance at former highs and swing lows on all the different time frames - and not go revisit the unfilled gaps, I'll take the bearsuit off. For a while. Maybe <g> 1832 is my magic number, then I will be convinced. But only if it holds. LOL! I'll be watching the quality of the next pullback, it will be giving definite hints. I think people are ignoring the danger of the weakening dollar still, as far as how it may affect overseas investments in our markets...

To: Nancy who wrote (17808)	5/18/2002 8:24:39 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

Some notes on the VIX All those articles weeks ago on how the VIX no longer worked...looks like it's still working to me as a top and bottom indicator, it's just that the trading range has changed. The VIX works better with the NDX than the VXN does most of the time. Align these two charts by the dates and the short term tops and bottoms will line up. The top of the Bollinger band on the NDX corresponds with the huge resistance areas ahead, too. mywebpages.comcast.net mywebpages.comcast.net