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To: Larry S. who wrote (38680)2/27/2002 11:04:28 AM
From: Nemer  Respond to of 53068
 
BA ....

strong support line climbing, I said, climbing ... which is a NICE thing for longies ......
current trades @ 46.59
support is @ 43.50 and climbing ....
and so is resistance climbing, too .... as the strong res @ 46.00 has been breached today ....
making blue skies and never knowing another poor day seemingly be attainable ....

however, the vagaries of the market WILL pull a bit of air from the rising balloon *(how much, and when, I knoweth NOT)
but
it does look FOINE .....

45.75
and
44.75*( should it retreat there this week) will prove verrrrrry important ......
needs to hold there to continue up ....



To: Larry S. who wrote (38680)2/27/2002 11:07:16 AM
From: BWAC  Read Replies (2) | Respond to of 53068
 
Somebody is trying like hell to keep or bust the Naz back down today. The QQQ is trading about 16 to 20 cents below where it should be based on NDX which is what it tracks. NDX at 1421 / 40 points per QQQ = 35.52 on QQQ

QQQ is 35.35 and getting sold.

Plus there seems to be a bunch of CSCO sellers today.