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To: mishedlo who wrote (20050)12/13/2002 7:11:05 PM
From: ajtj99  Respond to of 30712
 
What a difference a day makes, huh? Remember, I was talking yesterday how important the 20EMA (at 1027) on the weekly NDX was and the 50EMA on the daily NDX (at 1021). Once we went below those, it changed everything.

Once we were below the 50EMA at 1021, it shot everything up, making a long entry this afternoon quite risky with the initial underlying support about 25-points lower at 1347.