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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (51114)	8/24/2002 12:14:48 AM
From: NOW	Respond to of 209892

looking forward to your thoughts AA. Lots of folks, some smart, thinking next week the paint comes out thick...

To: AllansAlias who wrote (51114)	8/24/2002 2:00:24 AM
From: Vitas	Read Replies (1) \| Respond to of 209892

you know, it's fairly simple: at a minimum, bouncy ball between those LINEAR trendlines -g- Message 17841664 (on the NDX and NASD)

To: AllansAlias who wrote (51114)	8/24/2002 9:16:05 AM
From: skinowski	Respond to of 209892

I am bearishly biased on the big picture, thinking that – like it or not – the broader market is trying to join Naz in the decline. Despite the low level, Naz could still outperform on the way down percentage-wise. Many things, including scrambled waves, point to the likelihood that the rally was a correction, and it probably was. Or still is. 24.25 level on the Q’s corresponds to trendline support on NDX, in the 980 – 970 region. I think at this point strength should be sold (if the risk can be limited), and getting close to support should be… covered (at least in part), until the support is broken, and then scale back in, but without much delay, because it may move. I’ll try to trade wiggles, but hoping to ‘wiggle in’ on a larger move.. –g.