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Politics : Idea Of The Day

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To: Jerry Olson who wrote (33214)	9/19/2000 11:50:10 AM
From: James Strauss	Read Replies (2) of 50167

OJ: Another excellent analysis... : > I agree... There are many variables... That's what makes it interesting... Hard landing, Soft landing... How would these affect earnings, interest rates, etc... Are these things already priced into the market? I think so... So, what do I do? I look at the charts to see how the money is voting... I see a 3811 NDX trendline resistance... This is the trendline that connects the May/July lows... So, a close above it would answer all those other questions... bigcharts.com Currently the NDX is up nearly 100 points but I won't get excited until that 3811 area is breached on a closing basis... Because a failure there takes us down towards the 3490 area... Why focus on the NDX... Because that's where the New Economy leaders are... I don't think we can have any meaningful rally without the NDX... So, for now, NDX 3811 is the number I'm watching... Fuel Cells have been nice... : > Jim

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