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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: cthd who wrote (26218)	6/6/2001 12:08:23 PM
From: Dave Gore	Respond to of 37746

NQ's bouncing back down off resistance at the 20 period ema on the 5 min lately - needs to get above that line to turn this market around, imho. Right now that means the NQ's need to get above 1905/1906 on a fully formed 5 minute stick and preferably 2 or 3 sticks. A break above 1916 or so would take out the 40ema resistance and be even more positive and maybe allow a retest of 1934 at the current 200ema on the daily chart. Doesn't look like a good bet right now, but watching. I'm not much of a trader in the doldrums. Too hard to get chopped up on most days. Remember these levels change throughout the day, everything is dynamic.