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

To: Ted Downs who wrote (73062)3/22/2001 12:17:07 PM
From: Rock_nj  Read Replies (2) | Respond to of 99985
 
I think the NAZ is finding a bottom around 1800. That's where the trend line from 1994 is. It seems like the selling is easing in the NAZ. Even with the huge selloff in the DOW this week, the NAZ has held up pretty well in comparision. It tells me that there aren't too many NAZ sellers left.



To: Ted Downs who wrote (73062)3/22/2001 1:01:15 PM
From: el paradisio  Read Replies (2) | Respond to of 99985
 
I don't have the confirmation of a final bottom...
Nasdaq may drop more than NDX....because of higher % of biotech stocks.
I am just starting to accumulate QQQ....at 40...next stop might be around 36 and final should be around 29-30.
Regards,
el


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