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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.52-0.3%4:00 PM EST

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To: Doug who wrote (66697)1/12/2001 10:38:11 AM
From: el paradisio  Read Replies (1) of 99985
 
The resistance on Nasdaq around 2775 is too high to be taken out today....with crashing INDU.
We may also have some fake breakouts,like it happened in the past...
I will hold half of the position in QQQ,SMH and WCOM for the weekend.
Nasdaq is waiting for INDU recovery....now INDU is oversold and looks,it may recover soon.
Breakout of 10,600 might trigger the next upside move for Nasdaq.
el
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