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To: UnBelievable who wrote (5651)6/22/2001 1:33:14 PM
From: AllansAlias  Respond to of 209892
 
Short NQU @ 1762.

We are mired in jello so I don't hold out much hope for a nice swoosh (i.e., I don't like this setup here for a short), but the risk of a downside surprise given sentiment, even though up scenario still in play, makes me want to go with these. Stop is +3.5 points -- tight.



To: UnBelievable who wrote (5651)6/22/2001 1:45:57 PM
From: AllansAlias  Read Replies (4) | Respond to of 209892
 
NASDAQ has built a moderately bullish looking triangle today. Only thing is, we are pretty far into the apex and that causes an otherwise beautiful formation, with coiling power, to lose its jam. Watch for a break to the downside here, cause that would be devastating to the bulls.

Levels to watch are NDX 1736 for downside break and around 1750 for upside break.


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