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

To: nsumir81 who wrote (17307)	11/26/2002 7:13:54 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Actually, I think we had our low at the lower boundry of the falling wedge. That line you mentioned is a bit obscure, but who knows. This is what I'm looking at for tomorrow's daily chart: stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][j6471081,y]&listNum=1 I calculate the 1080 NDX area to be a cluster of support with two rising support lines on the daily and the gap at 1081.40. That might be a sticky zone. Since it's the daily, we could probe below that and close above it. I think it's safe to say that initially tomorrow, the 1180-1182 NDX area should be a cluster of near term support. Over the next couple of days, this support may be subordinate to the COMP support at COMP 1420-1431 as the COMP heads down also. Actually, Jeff's cover at the close today was not such a bad idea. Unless NDX 1098 is taken out early tomorrow, the trend is still down.