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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (30837)	5/14/2003 9:16:23 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

Arik. Plugging your market read into a holding period are you working with a trading plan based on 3-5 biz day holds, or something longer than a week? Isopatch

To: Arik T.G. who wrote (30837)	5/19/2003 12:13:54 PM
From: Arik T.G.	Respond to of 36161

Market comments Last week on Tuesday the NASDAQ made the exhaustion pattern of a new intraday high with a down close the same day. The S&P made the same pattern on Tuesday and again on Friday. The IT up trend has been exhausted last week. The Euro made 1.17 today and the IT down trend in the Dollar should be exhausted this week. Now the question is wether this is a correction to the up leg in equities or a resumption of the LT down trend. It is a very difficult TA question here, so I'll leave it for now till I get a clue. Anyway, even if this is a correction on a larger up trend there is still some room to move down, S&P 907 being first ST support. ATG