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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Joe Smith who wrote (11002)5/8/2002 1:29:19 PM
From: James Strauss  Respond to of 13094
 
Note that the Nasdaq 100 came within 50 points of the September 11 lows and actually tested the 2nd lowest close of the Nasdaq 100 on 9/26, a retest of the 9/21 lows at 1143.48. I am not sure why people pay so much attention to the Compx and use it as a tech bellweather. The Nasdaq 100 is much closer to reality. the Compx has been propped up by financials etc. that have nothing to do with the health of techland.

Good points Joe...

I've used the NDX as a tech bellweather for a long time...

The NDX is up over 8% today while the Nasdaq is up close to 6%... The power of the big cap techs is making the NDX an outperformer...
bigcharts.marketwatch.com

Jim