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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Johnny Canuck who wrote (34822)10/20/2001 12:29:48 PM
From: Logain Ablar  Read Replies (1) of 67962
 
NAS PnF chart

I'm using the 25 points since @ this level I don't think the 50pt is valid. This is only 1 TA read.

Notice if you draw a line across the page there is resistance (earlier support) in the 1800 to 1825 area. The Bearish Resistance Line would be @ 1875 if we print a column of X's here. Until we take out this line NAZ is still in a downtrend.

stockcharts.com
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