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


To: Les H who wrote (66597)1/11/2001 3:43:39 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
Well...difficult to say yet,how far this rally will go...sure NDX is overbought now.
On another hand,BTK,SOX and INDU broke the resistance to the upside.
Nasdaq recent top at 2636 was also taken to the upside.
It looks,that QQQ 62-62 5/8 might be the support for now.
Money flow to QQQ is good so far.
But it looks...the top will come between QQQ 66-67 1/2,which perfectly correspond to your data.
Thanks,
Regards,
el