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


To: Gary Martin who wrote (19734)2/7/1999 3:21:00 PM
From: Clint E.  Respond to of 70325
 
Hi Gary. Since I am not a technician I refer your question to Harry, Thomas, or Jim.

Take care;

Clint



To: Gary Martin who wrote (19734)2/7/1999 3:42:00 PM
From: Clint E.  Respond to of 70325
 
Gary, my perspective with respect to your NDX question is that ~40% of this index is controlled by a few names that are tied to the PC/Internet industries. Therefore, as long as there is no fear/slowdown surrounding these two industries, I expect the downside target to be limited to 1850-1900 area.

Again, I think what DELL and INTC have to say early next week will be important to the NAZ and NDX.

Clint



To: Gary Martin who wrote (19734)2/8/1999 9:26:00 AM
From: j g cordes  Read Replies (1) | Respond to of 70325
 
Gary, are you trading the NDX or is this a non-practical question? I'd enter a long (125 day) linear regression, then use it to draw parallel support and resistance lines using channel lows and highs for your placement. Also, I prefer to think of support and resistance as dotted lines of psychological capitulation.