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Mr_USA_1992

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Mr_USA_1992

Re: None

Tuesday, 07/20/2004 6:23:45 AM

Tuesday, July 20, 2004 6:23:45 AM

Post# of 51804
80wk trough - expect it to pierce the lower envelope boundry...

http://www.theuptrend.com/DAILYPZNASDAQ.gif

still expecting a reaction rally to severly oversold conditions prior to dropping into 80wk trough. The RSI model triggered a buy very early around NDX1446, most likely that trade will result in a loss once the RSI returns to 50 on the reaction rally prior to the 80wk trough.
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