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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (6066)	3/15/2001 10:35:15 AM
From: Teresa Lo	Read Replies (1) of 8925

<font color=blue>2001 MAR 15 Morning Update: The S&P and NASDAQ futures open up on a gap. There is resistance from several points and if it is going to go up, we need a thrust up shortly. The ND futures are testing yesterday's high here, and also the low from March 1. Note on the 45-minute chart here, it is on a retracement after a breakout to the upside after a a triangle consolidation: ottographs.com The SP has bounced up to resistance from several points as well, and note on the 45-minute chart, a "descending" triangle did the typical fakeout thing by going UP! We are on a retracement now after the break to the upside, and it would be good for the market to find some buyers here and take it up and over immediate resistance provided by the 20EMA from this timeframe. ottographs.com Teresa

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