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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: sean sanders who wrote (10594)	6/21/1998 3:58:00 PM
From: Chris	Read Replies (2) of 42787

NDX CHART UP! geocities.com looks for the chart in the mkt commentary section. the MAGENTA lines represent resistance lines. so this week is somewhat important in that it breaks abv the magenta lines. why am i "jumping around?" look at the top indicator plotted. notice the buy crossover generated last week. however, do know that msft is 22% of the index. which means, msft's 3.5 pts up move might have "skewed" the nazdaq 100.. However, i think it's worth watching. The DOW might be down 100 points, but it's important to notice that the SPX is still strong. NAz 100 is attempting to rally. Looking at the DOW isn't everything. However, in general**, the sectors move together. Does that mean the DOW might "catch up" to the techs/spx? or the techs/spx dragged down with the DOW? we will see.

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