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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Jacob Snyder who wrote (30791)10/20/1999 6:14:00 PM
From: stockycd  Read Replies (1) of 99985
 
Jacob,

Just lucky. Frank Skepton has taught me a lot about forks.

The QQQ (NDX) should encounter resistance at about 124.0 or so. Resistance for the NDX should be 2480. I can't say right now how strong this resistance will be but it should hold for a couple of hours. I guess we can expect some carryover (up) at the open and then reverse.

BTW, I've got resistance for the Dow at 10500 or so but in light of the fact that IBM is trading down 12 in after hours, that may be hard to achieve. Any pullback tomorrow may be muted.

Does anyone know how may Dow points 12 IBM points is???TIA.

Later,
Chris
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