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Strategies & Market Trends : Groundhog Day
QQQ 621.57-0.3%Nov 11 4:00 PM EST
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To: Augustus Gloop who wrote (3070)5/3/2002 4:39:54 PM
From: Challo Jeregy  Read Replies (1) of 6346
 
I have a mucho problemo with softy's TA.

12-26-00 low 40.25
9-26-01 low 47.50
today intra-day low 49.51

If I'm not mistaken, softy broke the long term TL from 1998.
Another problem, I believe, is - if a stock hits a TL 3 times, it is a sign of weakness and expect new lows.

that 12-26-00 low, btw, also broke that trendline.

I'm finding it hard to find strong support until around 45.
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