2 replies to this topic

[ZIDANE]

2362.50 is the first possible area of support where bulls will look to find an IT bottom. That bottom will spring a launch to new highs around 3000+. However, we could overshoot to 2290 or even 2200. Any rally will be nothing more than a bull trap. I believe the highs are already in and my bets are that over the next few weeks, the bears finally sieze this chance to send the Nasdaq down 15-20%. Z

[beta]

2362.50 is the first possible area of support where bulls will look to find an IT bottom. That bottom will spring a launch to new highs around 3000+. However, we could overshoot to 2290 or even 2200.

Any rally will be nothing more than a bull trap. I believe the highs are already in and my bets are that over the next few weeks, the bears finally sieze this chance to send the Nasdaq down 15-20%.





Z

Bearz can have the ball back when they take out COMP 2550/SPX 1450 (rising daily T/Ls from July 06). COMP closing below the 50DMA would help, too.

Until they take out those key lines, it's da bullz game.

Edited by beta, 25 July 2007 - 12:49 AM.

[ZIDANE]

2362.50 is the first possible area of support where bulls will look to find an IT bottom. That bottom will spring a launch to new highs around 3000+. However, we could overshoot to 2290 or even 2200.

Any rally will be nothing more than a bull trap. I believe the highs are already in and my bets are that over the next few weeks, the bears finally sieze this chance to send the Nasdaq down 15-20%.





Z

Bearz can have the ball back when they take out COMP 2550/SPX 1450 (rising daily T/Ls from July 06). COMP closing below the 50DMA would help, too.

Until they take out those key lines, it's da bullz game.

I believe it's closer to 2600 (recent swing low) than 2550 Compx. And bullz can have the ball back if they close over 2724.74.




Best,

Z