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

To: skinowski who wrote (67042)2/21/2003 10:13:20 AM
From: JRI  Read Replies (2) | Respond to of 209892
 
When is that window again?

The problem (for shorts) with going 2-3% higher on most indices means some good-sizes breaks (up) which open technical door for a lot more up....(unless we are talking a hound)..

edit: I've got good-sized powder left to short at higher level, but I wouldn't bet on a hound (even with Fibo turns). I'd wait for the breakdwon



To: skinowski who wrote (67042)2/21/2003 10:31:41 AM
From: byhiselo  Respond to of 209892
 
i'm now looking for a run higher into end of month fibo

and then either a continuation high or low into mid-march fibo/cycle

watching the following levels today:
DJIA 7850, SPX 830, OEX 420, COMPX 1305, NDX 976

should reverse somewhere around these levels,
a close below friday's highs and its back to the drawing board

cheers


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