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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (118404)12/7/2000 11:06:18 AM
From: Jenna  Read Replies (1) of 120523
 
<Update into the doldrums> the nq's did not take out that overhead resistance on the 200 period moving average and as they were making an ascending triangle, it hit the resistance and was knocked back down. That explains the pullback of the nasdaq just at the point that it looked like it might be clear sailing at least through the next reversal period... We actually went long NUFO, CFLO as ironically these seemed to hold onto strength.
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