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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (43328)	5/20/2006 7:12:40 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 67845

Harry: Both the NYSE and COMP BP's reversed to O's this week. Both are significant negatives. While it appears the bounce started Friday (we'll need confirmation this week) with the recent technical damage I doubt the bounce is hard and expect lower lows. I think Zeev is now thinking 1900 area on NAZ by the fall (I can't tell what his overall view really is but assume the recent technical damage has made him defensive as well).