Bottom (and Top) Pickers, Unite! Message Board

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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!

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To: Teresa Lo who started this subject	1/13/2001 8:29:57 PM
From: deathandtaxes	Read Replies (1) of 214

QQQ --- topped 64.62 with the comp bouncing of 2700, at least for this last swing. Looks to be coming off the top of the trend line and should bottom again shortly in the 2400 + area. If we rally there we could be putting in a higher low (from the 2299 set last Mon.) which would be an extremely bullish signal. Volume was lower on Monday than on any other day of the week this past week with alot of accumulation Wed. thru Fri..The big players want to get in and turn this thing around but i think they are having a hard time buying once we get near the trend line . Watch for the swings to contract(What was 4 days are now three and could go to two) over the next two weeks with a break one way or the other with the Fed meeting at the end of the month.

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