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


To: profit_guy who wrote (75056)6/5/2002 9:09:53 PM
From: profit_guy  Respond to of 99280
 
not likely we close above the 5dma tomorrow, so expect the downtrend to continue into early next week imo

stockcharts.com[e,a]daclyyay[dc][pc5!c22][vc60][iub14!la12,26,9!lp14,3,3!lc20][J3386780,Y]&pref=G

...and note my previous post #75056



To: profit_guy who wrote (75056)6/5/2002 9:31:21 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
I like to look at a longer term chart of the same:
stockcharts.com[s766372]&disp=P

and as you can see, if we guess that the nassacre will end between 30 and 37, we still have a long way to go. I still have us getting back to the low 1500 (nominal 1519) before Wednesday 10:30 next week, before Phase II ends, then a mild bounce (if the max pain in the QQQ stays as high as it is, maybe even more than the 60 Naz points I envisioned originally, but still with a max at 1607), first I got to see where we end up next Tuesday afternoon.

Zeev