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Strategies & Market Trends : Technical Analysis - Beginners

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To: TechTrader42 who wrote (11379)	2/6/2001 9:36:42 PM
From: Chris	Read Replies (1) of 12039

CHART yesterday, i mentioned that GAP (even after they are filled) can be a area of resistance. Message 15303191 Look at the chart and notice how the QQQ went up to hit the top resistance line of the FILLED GAP and came back down. geocities.com Also noted yesterday, with the 30 min buy and daily sell signal (conflicting signals on 2 timeframes), and 30 min buy pop would be a VERY WEAK ONE. I think I can safely say, that today was an example of that action. I am very cautious for the QQQ/NDX and will SHORT QQQ if the purple lower channelline is broken downside.

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