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To: JRI who wrote (74309)5/22/2003 9:50:17 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
NDX is below that line, I suspect the COMPX will follow.

We are near that DOW 8550 area I was looking for yesterday. This is where I suspect we may turn back down.

Beyond here and we are likely in for a very good day.



To: JRI who wrote (74309)5/22/2003 9:52:36 AM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Could be. as it sure looks that way
from the trendline bounce and slow stochs turning back up.

But I'm sure someone will come in and say sentiment is too bullish for there to be much of a bounce.

I still think the VIX could go to 18 before the rally is completely done, and the 21 dma on the CPC to go to the low .60s.

1666 here we come <g>


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