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Re: hightecheast post# 397402

Thursday, 06/02/2005 10:46:30 PM

Thursday, June 02, 2005 10:46:30 PM

Post# of 704041
2100 NASDAQ is resistance. The double top from earlier 2005. A convincing break above 2100 and nothing but air till 2200. A retrench or bull flag is in order but I thought it was in order at 2024 (earlier congestion) and the NASDAQ just ignored me :>). I'll watch and see how 2100 is handled but can see 2200 or 2300 pretty easy right now.
Absence of fear.
So far it has been low volume, and the CRAPS haven't really run much.

Doesn't make much sense to me given some of the wacky fundamentals, oil high, interest rates cratering, mixed economic signals. On the other hand, when the TA and FA don't match, go with the TA. Without much confidence or enthusiasm, there it is.

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