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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST
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To: marginmike who wrote (73188)3/24/2001 11:29:43 AM
From: el paradisio  Read Replies (2) of 99985
 
Don't take my remarks very bearish...looking at the stocks like MSFT,DELL,AMAT,QCOM...which are all at the resistance point, I expect some retracement or gap up for Monday.
However, if Nasdaq and INDU will give up some recent gains...it might be a buying opportunity.
QCOM may still test the support at 55, before going higher.
Any break above 62 will be bullish.
Regards,
el
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