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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (2523)6/18/2002 11:03:18 PM
From: exp  Respond to of 30712
 
Jeff, I was thinking that we may not have much end-of-quarter window dressing and just drop to about 1300-1350 around end of June which was projected by the big triangle in the SaavyCharts COMPQ charts. 1300-1350 would break both Sept 01 lows AND Oct 1998 lows (at about 1360) on COMPQ. SPX would also break Sept 01 lows and approach Oct 1998 lows (at about 920) in such a case. Of course, NDX already broke both its Sept 01 and Oct 1998 lows so there is no support below 1060 till 1000 or below on NDX.



To: Jeff who wrote (2523)6/19/2002 5:12:23 PM
From: Mike M  Read Replies (1) | Respond to of 30712
 
Probably so, but it doesn't look like the ramp has much energy left. Somebody is left holding the bag as the music stops, but mom and pop investor aren't stepping up to the plate to play bagholder.

Hard to hold a rally if no one comes. Look out below.

Interestingly, gold didn't have much traction today either.


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