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

To: Kemo Sabe who wrote (68368)	2/2/2001 4:07:55 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

Today's NAZ close was really ugly. More convinced than ever that QQQ will drop to the 58-59 area before staging a strong rebound.

To: Kemo Sabe who wrote (68368)	2/2/2001 4:11:48 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Kemo Sabe: I thought that might be the case. Reason for a 100 point pop? By the way....The NDX 1/16-17 gap up filled as it tested its 1-3 uptrend support line breaching it in the process. Both the NAZ Emini and QQQ fell through their respective 1/16-17 gap ups. The NAZ Comp was testing the upper boundary of its 1/16-17 gap up into the close. My short/medium term intraday technicals for the NAZ Indices are in the oversold range with the longer-term intraday technicals approaching oversold. The NAZ Emini is getting a bounce after the close... Regards, LG