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


To: fedhead who wrote (19563)1/22/1999 5:12:00 PM
From: Clint E.  Read Replies (1) | Respond to of 70421
 
Hi Anindo. You are talking about a "correction" (something that I still don't envision in the next few weeks) and not a pullback.

However, to answer your question, the NAZ has lots of support between 2000-2050 and any correction of large magnitude should stop around there.

I just don't see that in the immediate future. Many things need to go wrong and many leading NDX stocks need to break before we get there.

Clint