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Non-Tech : ACCO: 800America.com, Inc
ACCO 3.435-0.3%10:33 AM EST

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To: LTK007 who wrote (366)2/7/2007 2:20:01 PM
From: LTK007   of 694
 
Posted last night, we are tracking what i said so now to see the all important action from now until the final Bell on NDX. <<Tomorrow could give a hint. They have been saying money is hesitating as they want to see market make a move one way or another and that element in itself would lead to a breakdown or breakout if they decided move will be up or doown. It is like stored energy waiting to released one way or another.
So why tommorow? CSCO expected to disappoint surprised to upside. It closed almost up 5% in AH.
NDX futures however are now only +3.5.
Given CSCO positeve surprise on earnings and a forecast for 15 precent growth for the next quarter it should be an up impetus.
But what might be good for CSCO is bad for others as they say they are eating deeper into taking competitors share.
But, nonetheless, the CSCO report has supplied what a market wanting a breakout needs, if it is to do so.
At minimum i feel NDX need break above 1812 hold it and then move solidly upwards from 1812 in the closing hour.
A close below 1812 but above 1806 would frustratingly be a "neutral" signal.
On the the hand, a close below 1785, would shift my bias to somewhat bearish.
We will see tomorrow.:)Max>>
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