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Re: Zeev Hed post# 143771

Friday, 08/22/2003 3:14:53 PM

Friday, August 22, 2003 3:14:53 PM

Post# of 704047
Agreed. There is also the NDX weekly tag of the upper BB at 1342, but the COMP missed its upper BB at 1828 and the SPX is far from its at 1039. Furthermore, 1850 is the real resistance on the COMP.

I agree on the red flags, but timing wise, I still like next week for a high.

Furthermore, the weekly charts do not look bad right now.

There are enough things that are screaming top to watch closely, but I would expect a more extreme finish.

Volume today was nothing to write home about after the bang-up open.

If the COMP closes above 1776, it will have a weekly close above the previous intra-day high. Not too shabby.

The NDX may attempt to hold 1313 or 1314 today. We'll see.

http://www.investorshub.com/boards/board.asp?board_id=1613
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