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NO!
Just got screwed up on which "junk" file I was to
send and did not check
it before I sent it.
Thanks
Clyde
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<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lee Morris
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, June 06, 2002 11:46
AM
Subject: RE: [RT] FW: QQQ's - next target
= 25? (NDX 1000)
did
you mean to attach xau chart???
<FONT face=Tahoma
size=2>-----Original Message-----From: Clyde Lee
[mailto:clydelee@xxxxxxxxxx]Sent: Thursday, June 06, 2002 12:38
PMTo: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxSubject:
Re: [RT] FW: QQQ's - next target = 25? (NDX
1000)The outside channel projections of the Hurst
channels basedon a 170 bar period would support the possibility of a
runbelow the 26 level in early July.But, for the current it
looks like a run to 32 might be in store.Clyde- - - - - - -
- - - - - - - - - - - - - - - - - - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email:
clydelee@xxxxxxxxxxxxDetails
at:
www.theswingmachine.com- - - - - - - - - - - - - - - - - - - - - -
- - - - - ------ Original Message -----From: "Gary Funck"
<gary@xxxxxxxxxxxx>To: "Realtraders@xxxxxxxxxxxx Com"
<realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, June 06, 2002 11:19
AMSubject: [RT] FW: QQQ's - next target = 25? (NDX
1000)>>> (I shouldn't be doing TA without a
license, but here goes.)>> QQQ's are currently trading at
28.96. The 9-11 52-wk low is 27.20. Volumeis>
moderate.>> I think there's a decent chance of a "flush" at
the 28 level which drives> prices to 25 (or 1000 on the
NDX).>> 1) we've seen consolidation at round (well, multiples
of five) numberslike 40,> 35, 30 on the QQQ's, and after some
consolidation, a failure, and a quickmove> down to the next round
number. In the current setting, the last place that> people seemed to
buy the break out was the 35 level (they've tried ittwice and> it
failed). 20% down from that level would be (35 - 7) => 28. This
iswhere the> margin players will have a tough time, and we should
expect to see highvolumes> in the early AM, some day soon, and
some further selling (assuming thetheory> holds), which would
drive prices down to 25 - the next natural place for> consolidation
and support.>> The lower neckline on the long-term NDX chart
is at about 27.25, basis the> QQQ's or just shy of 1100 on the NDX.
The 1000 level (QQQ = 25) shows upas the> next line of support
below the neckline
break.>
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