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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (137438)12/6/2001 1:10:21 PM
From: J. P.   of 436258
 
Major overhead resistance on techs.

stockcharts.com[m,a]daclyymy[d19990701,20011231][pb50!b200!i][vc60][iUi14,3!Lh14,3!Lk14]

Going to take a lot of liquidity pumping and another 100 basis point rate cut to get another gravity defying to the sky rally. Remember the 1999 high altitude summer pump of the Nasdaq was with no overhead resistance.

I wonder why the Fed just can't let the thing settle and back and fill.
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