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


To: Doug who wrote (71394)3/6/2001 3:32:03 PM
From: KymarFye  Respond to of 99985
 
A week? Just sighted my first gap-violators TODAY... See a whole bunch o stocks re-testing again... don't think the Nasdaquiri is going to give it all back today... but it doesn't care what I think, I'm beginning to think...



To: Doug who wrote (71394)3/6/2001 3:32:41 PM
From: jmootx  Read Replies (1) | Respond to of 99985
 
Doug

The way I see it-

daily QQQ chart had the gap and rally completely above the 8 day ave and resistance at the 13 day average. The stochastic fast average is deeply oversold, giving me the impression the 8 day ave will hold it up--

60 minute chart shows the daily action holding above the stick highs achieved during the lows, and the 8,13, and 50 ave below todays sticks as well--so far. personally I just moved up my stops in case this support fails.