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To: Warpfactor who wrote (12718)3/4/2002 5:02:44 PM
From: pls418  Respond to of 23153
 
warp my guess is most people are missing this rally and will need to jump in on pullbacks, so I think any pullback will be short. People are beginning to realize we came through the shock of September 11th the blow of Enron and things in the economy are beginning to look up, I may be wrong but I'm going to enjoy it while it lasts it sure would be nice to sell out of a good tech rally in a month or so and be lucky enough to roll over into a pullback in the oil services, nothing wrong with dreaming
steve



To: Warpfactor who wrote (12718)3/4/2002 6:16:39 PM
From: chowder  Read Replies (1) | Respond to of 23153
 
Warp, the NASDAQ has broken out of its falling trading channel but it still has some resistance to overcome in the near term.

You have resistance around 1875 - 1880 and then you have the 50 and 200 day moving averages.

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

I would assume we'll see some profit taking but it's important that the NAZ doesn't break down into that trading channel again. So, the new line of support is a NAZ 1800.

dabum