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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (7943)	1/11/2002 12:11:23 PM
From: Susan G	Read Replies (2) \| Respond to of 26752

the NDX has already broken the bottom of that flag a bit but it could be a fakeout. I think the downside screamer would be a second break of 1660. Cause there are many waiting to buy the 1660 bounce and that's where I'd like to cover. So you get in, I get out and down it goes with both of us screwed. That's the diabolical move <g>Also keep in mind that as an index drops, so does resistance. So the NQs now have a chunk of overhead resistance at 1670 now that will slow or prevent a move to 1675 without major buying kicking in to cause a short squeeze. If you have Qcharts, watch the money flow too. An amazing indicator of whether the floor traders are buying or selling. I've seen nothing but selling for days, todays money flow is more negative than yesterday at this hour.