Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 465.95

+3.3%

Jan 23 4:00 PM EST

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To: lee kramer who wrote (7804)	1/10/2002 3:54:40 PM
From: lee kramer	Read Replies (2) of 26752

The Nq's daily chart does not look all that good. The uptrend which began in October has been broken. The recent run at the early December highs has failed. The 20 day m/a has broken through the 10 day m/a. This isn't the end of the world, but it does suggest that the burden of proof is on the bulls and that trading the QQQ's or the futures may be better from the short side for a while... of course we're talking the market here, not individual stocks.

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