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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (15176)12/1/2002 6:33:30 PM
From: Steve Lee  Read Replies (1) | Respond to of 19219
 
They use 5 stocks to goose the Nas/SPX -

MSFT
INTC
CSCO
QCOM
DELL

Hardly penny stocks. I am saying they goose them after they have fallen thru support and get them back over. It has happened many times in the past 8 weeks. Support and resistance have become less reliable on these five stocks, esp MSFT & INTC, in that time frame.

I'm a ticker watcher. I start watching the futures about 2.30 am and watch the individual Nas stocks in the premarket. When the futures get pumped at 3.30am, these 5 stocks take off at 7.50 am and the $prem goes high at the open, then the rally tends to last all day.