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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (47742)6/4/2000 7:20:00 AM
From: Gary105  Read Replies (1) of 94695
 
there are many unfilled gaps on the breakout; nasdaq and qqqs are at 50 d MA now - is it resistance with bounce down to 200 d MA (where things get really interesting) or do the break above and (where things get interesting again) potential catalysts for breakdown:
1. international event (china/taiwan or mideast)
2. economic news which shows that economy is still strong requiring further fed action
3. warnings by tech companies on Q3 which is traditionally slow Q for techs.
4. jitters in advance of june 27th fed meeting
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