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


To: NucTrader who wrote (63384)11/30/2000 12:30:31 AM
From: el paradisio  Respond to of 99985
 
Nuc, this gap is/was a very important strategic point for QQQ and COMPX. Not only a gap, but 200 MA on the weekly chart:
siliconinvestor.com
A drop below this gap...means a strong resistance at 65.
After today's warning (GTW,ALTR)...bulls have a slim chance.
How low it will go?
Tomorrow, QQQ may find a support around 60.
Long term looks bearish, but short term a trading range 55-65 is very likely.
el