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To: moufassa7 who wrote (47382)2/14/2001 1:32:38 PM
From: Mark Konrad  Read Replies (1) | Respond to of 57584
 
There is increasing compression on the Q's whereas the DIA has much more room to the downside, imo. Note how well the Naz is holding up compared to the DOW--MK--



To: moufassa7 who wrote (47382)2/14/2001 2:05:15 PM
From: Ally  Respond to of 57584
 
I think 2250 is a crucial support line for NDX 100 Index. Hopefully, it can break above this support level on today's closing. If so, it would have passed a Trader Vic 2B test, indicating a reversal. If it fails this test, there is high probabiity that it would break below the 52 week low, and resume the primary downtrend that was interrupted by Greenspan's sudden rate cut on Jan 3rd.

Lack of earnings visibility is real problemo. Nasdaq investors sort of spoilt from last year's environment where mand CEOs were forecasting terrific growth.