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

To: DepyDog who wrote (24379)	12/12/2000 9:56:12 AM
From: Jim Willie CB	Respond to of 65232

Naz 3000 has strong resistance from two sources: we flew past 18dayMA at 2850 with a pause at that level but on all reflex rallies to remove oversold condition, the next moving avg is a more difficult obstacle the 30dayMA is 3000-3010 and should encourage technical selling for both major techs and the QQQ itself secondly, the Friday TGvg rally reversed hard at 3000 volume was not huge, but it is clearly on the chart pressure for the Houses to defend the rally and prevent failure at Naz 3000 minor pullback, then... ALL EYES ON THE FED the Fed and Greenshpan should eclipse Bush resolution / jim