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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	7/7/2001 11:28:36 AM
From: besttrader	of 37746

Logical targets for QQQ monday/tuesday --> From crystalball --> Reviewing some fib retracements this morning. Seems to me there are 2 primary options. One situation has the comp declining a bit more to very near the recent lows, while the NDX / QQQ busts its lows by a fraction ... to about 40.75 QQQ. The second has each declining about 100 points, to comp 1900. This allows the comp to complete the job if filling the gap, which it has only partially done. This takes the QQQ to very roughly 38.75, NDX 1550. Channel lines would have the lower target happening Tues.

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