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To: Tom Trader who wrote (14584)2/3/1999 10:31:00 AM
From: doug-e-mini  Read Replies (1) | Respond to of 44573
 
I see a possible rising channel or bear flag on the 5 min.

Also, today's high is a 50% retracement of the move down from Monday's high.

The NDX started off with a bang but is fizzeling.

I'm thinking of trying a short if we can get back near the top of that channel.



To: Tom Trader who wrote (14584)2/3/1999 10:32:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 44573
 
TT,

>>Now we did not see SPX 1290 -- so does that change the equation??

No, that was a rough estimate. In other posts I gave 1280-1305 target area.
We could have another try with marginal new highs, but IMO 70-30 against.

See my post today on the MC thread for more details.

ATG