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

To: Zeev Hed who wrote (78099)	6/12/2002 7:09:08 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Zeev, that makes sense with what I'm seeing. On the BTK, there is a trendline on the monthly chart that should hit around 175 in a year that may prove to be the ultimate bottom for the BTK next year. I believe there is also some congestion support at or near that level. Either way, it's still a good haircut from these levels. SOXX support may be nearly half the Sept. lows around the same time, although I have not looked at that chart recently. As for 1550-1555 COMP, the only way we're getting over that is if we gap over it, and we'd have to gap over it big to run stops and get shorts to cover all the way to 1597 COMP.