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Re: Zeev Hed post# 294107

Saturday, 09/11/2004 11:50:46 PM

Saturday, September 11, 2004 11:50:46 PM

Post# of 704041
Zeev,

Looking at the one-year chart of Naz
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nasdaq&sid=0&o_symb=nasdaq&a...
I see two major resistance areas: 1900 and 2050.
Since Naz successfully climbed 150 pts from 1750 to 1900,
if it can cleanly break through 1900,
what is the likelihood of it climbing another 150 pts to 2050?

I know that you are looking for a pullback of 100 to 200 pts,
but might it run up to 1950, pull back 50 pts to 1900, and then run 150 pts to 2050?

This is a very simplistic view. Any thoughts?

Thanks - Ken

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