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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (2977)5/16/2000 10:55:00 PM
From: Lost to Voodoo  Read Replies (2) of 19219
 
To avoid the woeful fate of falling into the lurker category <g> I guess I'll weigh in with my trendline/ma argument. Having broken the down trendline I'd say we have a shot at 4K near term on both NDX & NASD given we can get past the 50 and 200 day exponential moving averages (respectively each per index)which have proven formidable so far. Interestingly, though they're different periods on each index, both are around the 3700 area & have been providing similar resistances.
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