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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (11484)	2/8/2001 9:45:11 PM
From: TechTrader42	Respond to of 12039

It does look nasty, Monty, unless you view it as some good skiing ahead.

To: Monty Lenard who wrote (11484)	2/8/2001 10:03:44 PM
From: TechTrader42	Respond to of 12039

Before the fun begins with the Nasdaq, Monty, I think it could move back up to the middle Bollinger band (as its done in the past after hitting the lower band, and then resume its longer-term downtrend. One possibility among a zillion. The Nasdaq composite is at the lower band now, and somewhat oversold shorter term. Some good reports might prompt a bounce (NTAP, for example). The weekly charts at your site give the longer-term view.