|
PureBytes Links
Trading Reference Links
|
I've got a lot of confluence in cash support at/near current levels, however
the ranges on the NASDAQ support are a bit wide:
SPX: 1190-1184
NYA: 608, then 592
COMP: 2020-1765
NDX: 1712-1486
The most important event yesterday was the beginning of the capitulation in
the NYA (NYSE Comp) which has lagged the other averages. I am looking for a
rally, however yesterday's damage to the basing in my breadth models
suggests that any rally will be weak rather than strong. Should VIX reach 40
prior to a rally, I would become more constructive toward the long side.
Also interesting is the failure of the bonds to rally strongly on the
breakdowns in the major indexes - a sign that bonds will trend toward
weakness rather than strength.
Earl
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, March 12, 2001 8:03 PM
Subject: [RT] NASDAQ 3-12-01 close
> Here is where things ended up today. One adjustment, the MOB range is set
> now at 1905 to 1833 vs. the 1918 to 1822 before. Scary if it does not
hold?
------------------------ Yahoo! Groups Sponsor ---------------------~-~>
Make good on the promise you made at graduation to keep
in touch. Classmates.com has over 14 million registered
high school alumni--chances are you'll find your friends!
http://us.click.yahoo.com/l3joGB/DMUCAA/4ihDAA/zf_UlB/TM
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|