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

To: ajtj99 who wrote (78582)8/6/2003 7:58:08 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
A quick scan around sees everyone expecting the Naz to rebound tomorrow (self included), most after some down. Today, everyone expected a rebound, too. It sorta happened. So, tomorrow I'd think we either go lower than just a naz gap fill OR we move up on econ reports before the open. S+P is something of a wildcard here -- I'd think any move below 960 should bring it towards 950 in a hurry... but I'd be shocked if 950 goes. Maybe we close on the lows and reverse Friday? Anyway, there's definitely room for lower here to make this "look" better... but, as bearish as things are, the Dow, to me, doesn't look like a clean impulse down to me on the wiggle side of things (even 60 minutes is a little ugly). Makes things trickier to play, imo.

the freep



To: ajtj99 who wrote (78582)8/6/2003 8:07:16 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
That's a SOX daily chart no?

Are you still looking to play long? Man the tape is heavy all of a sudden. Based on S/R I would have to try a short at QQQ 31 or COMP 1690 at this point.


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