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ajtj99

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ajtj99

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Re: TREND1 post# 42

Monday, 03/03/2003 9:49:53 PM

Monday, March 03, 2003 9:49:53 PM

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Larry, you could make a case for a 50% re-trace off the high of the engulfing candle, but the odds are not good for any more than that.

With NDX 1002 a very key level, a 50% re-trace to there would put a low at possibly NDX 980 tomorrow AM. That's also a test of the 1300 COMP low from last Thursday. We'll see if that happens.

Otherwise, a .382 re-trace to 1002 would put a low around NDX 966 (doubtful).

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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