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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 611.67-1.9%Nov 6 4:00 PM EST
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To: moufassa7 who wrote (527)4/8/2001 9:39:33 PM
From: moufassa7   of 840
 
david555, I think pull backs are normal and to be expected. Last year we had 3 decent bear rallies [April,May & August]. After the initial blastoff, the market retraced over 50% of the move up, followed by a continued move up. A 50% retracement of the 4/4-4/5 move is 1707 which was completed Friday. As long as we hold above 1619 the NAZ is bullish. I think we should begin another move up Monday or Tuesday. I'll be looking to go long on a Monday pull back.
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