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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Gary105 who wrote (20043)5/29/2000 10:51:00 AM
From: James Strauss  Read Replies (2) | Respond to of 29382
 
i expect short term counter-trend trader's rally taking NDX up by as much as 20% stopping short of 200 d MA, followed by declines to new lows over the summer.

Gary:

The 3200 area is at the top of a dual trendline trading channel... 3250 rides the 10 day MA... For now, those two hurdles have to be overcome before a 20% advance can happen... 3525 is the key area of resistance to surpass if you want to get to the 3700 area...
bigcharts.com

Jim