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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject8/24/2001 12:07:41 PM
From: Drbob512  Read Replies (1) of 100058
 
***** TA Update (intra-day) *****

The markets are finally enjoying a bona fide technical rally this morning. The market internals are very strong, so we should have a firm close.

The true test for this rally will come early next week, as the Nasdaq finds resistance at 1930-1950 and the Dow near 10,450 area. If volume can expand during rallies, then this one should extend itself, but if volume drops off again or if breadth weakens next week, then it is likely going to fail.
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