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


To: el paradisio who wrote (51938)5/24/2000 12:25:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
el paradisio: What do you think about QQQ at 63 as a bottom.I don't see any firm support above.
I know,you are..."SRL"...


I prefer to track the NDX rather than the QQQ as the data does not go back as far. But I took a look and here is what I see for support...

QQQ <--- Today's support coming in at the 11/30/99 low (73.5). Next strong support at 10/28-29 gap up (63.75-64.75 respectively).

By the way SRL = Support/Resistance Line.

Regards,
LG