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


To: Frederick Langford who wrote (20484)7/12/2002 10:34:01 AM
From: Dave Gore  Respond to of 26752
 
TODAY'S QUESTION -- Can we take out 1395 and break above 1400 on the Naz and take out 945 on the S&P. If you like T/A, those are some key numbers since a break above 945 could take us to 975.

So far the Consumer Confidence number was used for bargain hunting and it is being ignored. It may be used next week as an excuse when they suck premiums out of options to bring the Market back down. We'll see.

I have to bring up the huge call over put volume the last two days in AMGN and especially CSCO and the QQQ's. Somebody doesn't want the Markets to fall just yet.