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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (22329)8/6/1999 10:55:00 AM
From: quote 007  Read Replies (2) | Respond to of 99985
 
anybody have any feel for why the semis are so strong--through all of this--altr-intc-lscc-lrcx--
thanks



To: Teresa Lo who wrote (22329)8/11/1999 12:41:00 PM
From: Teresa Lo  Read Replies (2) | Respond to of 99985
 
The Nasdaq 100 Index weekly chart looking very much like the classic Edwards and Magee broadening top formation. Note the similarity to the CSCO weekly chart.

intelligentspeculator.com

NDX pulling back to the 20EMA65 where resistance is expected. Also expect that 2250-2260 area is going to provide much resistance on any bounce, since the 20-day EMA and the 50-day MA are lined up in this zone.

intelligentspeculator.com