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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: qcompete who wrote (23993)12/11/2000 11:31:00 AM
From: Jim Willie CB  Respond to of 65232
 
Naz resistance at 3000 from two sources: 30dayMA and lateNov reversal
I got Naz 30day MovAvg right at 3000
a tech rally failed at 3000 late in Nov, friday after TGvg

this Naz rally is dominated by its generals
MSFT, INTC, CSCO, ORCL each up over 2 pts
except for a few stocks, this is a flat day so far
advance/decline is 4/3 favoring advance, nothing big

if not for the USSupCt hearing now, looks dangerous for longs here

something tells me Naz pulls back to its 18dayMA at 2880-2900
/ Jim