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Strategies & Market Trends : TradeWinds Traders Community
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To: --- who started this subject12/10/2000 10:19:09 PM
From: ---   of 262
 
On the technical side, Friday’s open was a bullish sign as the Nasdaq Composite gapped higher at the open and only pulled back 13 points before continuing higher over 2900. The Nasdaq 100 futures, a leading indicator for many traders, were locked limit to the upside in the pre-market, and showed similar strength as well. The focus now is that the Composite, on a 60-minute basis, is beginning to form successive higher lows, and is currently testing resistance of its 200-Day Moving Average. A chart of this can be seen here:

tradewindsonline.net
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