Flip you chart...looks ugly <g>
Well, I think Nasdaq is still in critical zone,however the last movement looks bullish.
Resistance now at 2030, 2070-2080 and 2130
MSFT may hold 65, but resistance is coming at 69-70.
DELL in very narrow trading range 27-28 making decision.
INTC and SOX at the resistance, BTK at the resistance, wireless as well.
That 3 indexes are the best performers now, but upside is limited IMO.
I don't think, the rally will come from the networking sector...too early, however NWX may find the bottom soon.
I'm looking at beaten energy stocks like SLB,HAL, DO,ENE.
Also drug sector may find the bottom here.
Regards,
el |
