Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (341)	6/15/2001 12:15:15 PM
From: Les H	Read Replies (1) \| Respond to of 29597

Nasdaq 100 markets.tradingtech.com

To: Les H who wrote (341)	6/15/2001 12:32:48 PM
From: ajtj99	Respond to of 29597

I'm hoping we get a re-trace to 2078 today, but it doesn't look to be in the cards. 2044 seems to be setting up as pretty firm resistance. The QQQ got a bit ahead of the NDX yesterday, and is not down so much today as a result. NDX bounced a bit above resistance at 1650, but that resistance is not too strong. 1575 is not too strong either, but 1470 looks real strong. The question is, does the NDX stop at 1650, 1575, or 1470 this trip? My guess is that 1575 is where we're going unless the COMPX does more than a 61.8% re-trace of that move up from 1636. SOXX also bounced with the other sectors. I'm expecting one more bounce today, and hopefully that will get above 2044 so I can re-position some puts, probably QQQ 43's.