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Re: Zeev Hed post# 356641

Thursday, 02/10/2005 8:53:38 AM

Thursday, February 10, 2005 8:53:38 AM

Post# of 704044
As I posted yesterday after the close we need to bounce or churn and it appears that we get that at the open. However if naz 2050 is tagged then before all the wiggles are out 2030 should also be tagged, then we see where we are. I still believe that ex wiggles the $compq wants and needs to test 1960 ish. So far the dow is the stronger animal. I'm not totally bearish or bullish, just cautious here as we flirt with which way we break. One thing that always bears watching is when either summation index crosses back into either negative or positive movement as did the $nasi yesterday slightly. Often those moves are immediately reversed the next day. We will see in time.

http://stockcharts.com/webcgi/Pnf.asp?S=$compq&N=A&C=2


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