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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Steve Lee who wrote (10696)2/21/2002 9:01:54 PM
From: Dominick  Read Replies (1) of 19219
 
Watch NDX along with vol on Nasdaq for better clues.

I use Esignal, QuotePlus2 and Metastock for charting. None has volume for NDX. But that's ok. The price spread and patterns are the same for QQQ and NDX. I can determine direction from that. As for QQQ volume, I see no conflicts between price action and volume.......so far.

And selling in the 20's?

I won't be selling if it does. I already have a 2k shares of QQQ that I've cut my cost basis down to 28 via option writing. I'll do the same with the next batch while I wait for the recovery.

Dominick
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