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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Anthony@Pacific who wrote (64478)12/17/2000 8:33:40 AM
From: ChrisJP  Read Replies (1) of 122087
 
Hi Anthony,

I'm interested why you feel its time to go long on the QQQs. And do you really mean long or just a re-bound play back to its 50 dMA, which appears to be its point of resistance (74 ) ?

siliconinvestor.com

I'm gonna go out on a limb here and guess that the NASDAQ is going to have to establish a trading range for a few months (like it did this summer), until 50 dMA and 200 dMA converge before it established a solid uptrend.

Of course, there will be plenty of quick money making plays along the way.

Regards,
Chris
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