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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Dominick who wrote (10695)2/21/2002 8:55:31 PM
From: KymarFye  Read Replies (1) of 19219
 
I was wondering whether you'd stuck to your plan. Thought maybe you'd want to see it move up a bit before committing.

I disagree with those who say there's no support around here for the NDX/QQQ. Whether it will hold or not, and, if so, for how long, and with how much upside are other questions... Just getting back to 36, over that breakdown gap, would be an accomplishment. Of course, if you're just planning for a return trip to the 35s prior to any very substantial further erosion, then it might make for a decent trade. Even if I made trades like that, though, I'd be too cautious to attempt it prior to at least a sign of life, especially after the sequence we've just put in.
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