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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (25101)	1/17/2001 11:16:48 AM
From: James Strauss	Read Replies (1) of 34822

New Lows On Nasdaq Say The Selling Is Over... ********************************************************* Eric: We seem to be on track to steadily rising prices with less downside volatility on the Nasdaq... finance.yahoo.com These minimal New Lows when contrasted with the New Highs say the Bulls are on offense... The Point & Figure chart shows a Bearish Resistance Line in the 2900 area... That's about 5.5% above current levels... stockcharts.com The short term trendline is at 2750... We could see a little resistance in the 2750 to 2900 area... A break of the 2900 area sets up a triple top test in the 3000 area... Jim

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