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<FONT face=Arial color=#0000ff
size=2>Gary,
<FONT face=Arial color=#0000ff
size=2>
Could
you tell those of us not familiar with the blue line what it is or why it may be
important.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Thanks,
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: gary@xxxxxxxxxxxx
[mailto:gary@xxxxxxxxxxxx]Sent: Friday, March 09, 2001 3:52
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] NDX - the
engine that couldn'tAs an update to Tuesday's
postAs an update to Tuesday's post, NDX has failed three times
recently torally off the blue support line. Today, NDX took out the
52-wk low,by a little - which is a good thing for those looking for a
retest,and a double bottom, and a bad thing for those looking for
higherprices once the NDX low moved above the support
line.Monday/Tues. would be a good place (technically speaking)
forcapitulation followed by a bounce, but it'll be complicatedby bad
weather on the East Coast, and the cross currents oftriple witching
week. We're also heading into the periodwhen investors sell stocks
to cover their tax liabilities.Should be interesting.To
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