MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HairBall who wrote (68092)	1/31/2001 6:28:44 PM
From: Kemo Sabe	of 99985

LG: QQQ made it over the primary descending trend line on its 2nd attempt 1/18/01. The next descending trend line (based off highs 9/20/00 & 1/24/01) has repelled this rally. As best I can tell the QQQ should test the previous descending trend line for support. There is also horizontal support in that area (~60). That's where the next thrust should be based from & it should take out this trend line, since we will be ever closer to another 1/2 point cut. Heck, I'm going to call my mortgage co & start getting the paperwork ready for a new 6% refinance...should be available in about 60 days. Kemo Sabe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next