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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (6975)3/2/2001 12:39:13 PM
From: Shack  Respond to of 19219
 
Bears are dead now going into next week these levels hold

NDX needs to still break the one month dt channel JT, I think that it has enough momo to do it but I will stay away from long plays until it does (around NDX 2000) and will fade any rally to the top of the channel. I don't mind getting whipped if I'm wrong.

Cheers
Shack



To: J.T. who wrote (6975)3/2/2001 12:53:33 PM
From: marginmike  Read Replies (2) | Respond to of 19219
 
I bought the gap retrace this AM for a trade QQQ @ 47.30 and Qcom at 60 13/16. Two day bounce then I am back on the sidelines. Qcom I may blow out of soon, and try to get back in below 60, looks overbought to me.


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