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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (2921)	11/1/2000 10:49:59 AM
From: ciVic	Read Replies (3) of 8925

Hey Teresa, Here's a little wives tale for ya. for what it's worth. an NDX pivotal number that has been going around in certain "circles" is the number NDX 3333. For some reason when the NDX is above the top traders use that as a strong signal, and when below a caution signal. the NDX has bounced of 3333 about 5 times during the course of the past year, and I know for a fact that it is being used as the line in the sand. IF you'll noticed over the past 2 weeks....we have not traded thorugh 3333, only gapped above or gapped below it between trading days. above signals strengh..below weakness. just another gun in the arsenal. ciV

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