Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 483.65

-0.8%

Dec 31 3:59 PM EST

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To: jefe12 who wrote (12932)	2/28/2002 12:21:15 AM
From: Susan G	Read Replies (1) of 26752

Big test on the DOW coming soon, on the next rally up - the test of January highs. We need to keep an eye on it even if we are trading the Nasdaq, as a failure will certainly take the already sickly Nasdaq down with it. 10300.15 is the number to watch. It it gets close and reverses or breaks through and then does a fakeout and reverses, watch out, as everyone is watching this test. And many will buy the breakout which can cause major dumping if they have all just gotten long and it rolls over... Right now the daily chart has a rising wedge that started forming in mid January. And the top of the wedge is right above 10300... This could go sideways for a while, and still be a rising wedge, just larger. home.earthlink.net

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