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Non-Tech : Invest / LTD
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To: The Ox who wrote (7274)2/9/1999 9:45:00 PM
From: Thean  Read Replies (2) of 14427
 
Nasdaq chart:
decisionpoint.com

I see an initial support at 2250 - being the 50 dma and the top of the trendline going back all the way to the left.

A possible scenario is after that bounce, Nasdaq may trade up pulling in the IRA money but will cut below the 50 dma and test 200 dma sometimes in the next two months. Then comes April/May's earning season and again a rally for the big techs who consistently beat the estimates.

Strictly trading from here on out.
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