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Strategies & Market Trends : Ask DrBob
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To: longdong_63 who wrote (2589)8/30/2000 4:51:10 PM
From: the-phoenix   of 100058
 
LD63: Beware the blowoff rally.

NASDAQ 100 is still below resistance, even tho composite closed above 4100 today. What has happened this week in the Dow and the OEX is a brief, blowoff rally through resistance levels followed by sharp reversals of 200 points (so far) on the Dow and 15 points on the OEX. So be nimble with those QQQ calls. JMHO.

The Phoenix
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