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Strategies & Market Trends : Guidance and Visibility
AAPL 259.35+0.1%Jan 9 3:59 PM EST

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To: SusieQ1065 who wrote (59174)7/2/2002 10:54:07 AM
From: SusieQ1065   of 208838
 
Jim Brown 7/2/02, 10:45
The NDX appears to be attempting to bottom at 974. According to the futures traders if 974 holds we could see the start of the short covering and profit taking. After the flurry of tech warnings and downgrades this morning any strength in the NDX would translate into the broader market. Watch this index! A break below 974 would setup another round of selling. Because the NDX is already trading in the free fall zone below 9/11 lows it is seen as a true market indicator.
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