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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (12968)	7/23/2002 5:22:48 PM
From: techanalyst1	Respond to of 57684

Tic >-1400 on the nyse two days in a row. New lows up (of course, how could it not be)? Volume up Vix and vxn rising Put call not excessive. How come? I would think that if the dow hits 7400, sp hits another day like today to around 750-777 (round number on 750, 50% off the highs on 777) and naz down big again, we could see a nice rally. Bwdik? Not much... I thought 875 would hold on the sp. I think if we DO rally, sp won't go much over the low 900-mid 1000 range before we sell off again. But between here and there probably should be a nice tradable rally. TA