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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (23822)9/28/1999 9:48:00 PM
From: shasta23  Read Replies (1) | Respond to of 68424
 
I'm just scrolling through the charts of different indexes and was noticing that SP500, Russ2000, BKX, Transports, Utilities are all either at their starting levels for this year or below. The Dow is about 1000pts above and the NAZ about 550 points plus. Other winners are SOX and also the INX(internets)...
Thought it was interesting that it's mostly techstocks and the DOW posting gains this year.

For me the Naz-comp has an uptrendline around 2510 now which is also were the 200SMA lies. Will the Index visit this area or will it find support around 2630? Any comments?



To: shasta23 who wrote (23822)9/28/1999 10:41:00 PM
From: xcr600  Read Replies (1) | Respond to of 68424
 
Hi Stefan.

I am no Clint but the Naz did make a higher low today. <g> However the Dow's weakness will drag it down eventually. I agree that we'll have some other opportunities to buy stocks at their 50dma or worse. Just upset there were some easy swing trades today that I could have played.

Does FDRY signify a frothy top?????

x


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