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Politics : High Tolerance Plasticity

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To: Warpfactor who wrote (12718)3/4/2002 6:16:39 PM
From: chowder  Read Replies (1) of 23153
 
Warp, the NASDAQ has broken out of its falling trading channel but it still has some resistance to overcome in the near term.

You have resistance around 1875 - 1880 and then you have the 50 and 200 day moving averages.

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

I would assume we'll see some profit taking but it's important that the NAZ doesn't break down into that trading channel again. So, the new line of support is a NAZ 1800.

dabum
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