Puff Daddy's Mo' Money Mo' Problems Message Board

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Strategies & Market Trends : Puff Daddy's Mo' Money Mo' Problems

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To: rocket_no9 who wrote (770)	4/11/2000 4:04:00 PM
From: SouthFloridaGuy	Read Replies (1) of 896

Read Folks, who da man? To: rocket_no9 who wrote (770) From: Stock Operator Apr 6, 2000 11:07 AM Respond to Post # 771 of 789 Yes, of course. These stocks have heavier weightings in the Nasdaq and can influence it more... Here's some TA for all about what is "possible": QQQ upperbound: a close above 104 takes us to around 108. This could potentially mean Nasdaq 4500...this is entirely possible short-term because of earnings season. Individual upperbounds on certain stocks: JDSU - 115-120. PMCS - 195ish... EXDS - 145ish... CHKP - 180-190 I remain a bystander in this market unless some type of technical breakout can occur. The downtrend is intact and every bounce is being sold upon by institutions, IMO. Our contest calls for a low on Nasdaq within the next quarter, so there is still quite a ways to go! Best of luck. p.s. The only stock i can find on the Nasdaq that isn't technically "broken" is CSCO. I can't believe that this will last any longer though as even the sacred cow must eventually be eaten. The resistance at 74 is quite strong.

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